I guess u should look at the Issued cap. Issued cap hasnt...

I guess u should look at the Issued cap. Issued cap hasnt included the accumulated loss made. Total equity (Issued cap-accumulated loss) is more accurate i guess. I m not an accountant. Probably I m wrong. BTW the total equity at the end of 30 June 2007 ( I dun have the 31 dec) is bout 4.4M AUD, equivalent to $0.008