I would like to fully support your view. management raised $24M around $1.20 last year. They bought some good assets but are not producing revenue, currently with less than $8M in the bank (at 30/06/2010) they will have to raise more cash in the future. I understand that some larger shareholders are not happy and want to offload. Management needs to focus on cashflows as opposed to acquuiring assets.
where are the buyers, page-13
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