iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-49

Dont know Oggede but following bingo lingo we are invested in a company called 'Eat two fat ladies'. From now on i will refer this company as this so i can smile instead of frown.

ICQ will probobly never make money, it is a growth company with intentions of being the dominant player only. This is a good strategy IPP has benefitted from this same strategy after the REA buy in.

E88 is different and needs to start making a profit. Amazon or Ebay or that Indian mob will not see it as a threat at $45million market cap. Could be a takeover target in a couple of years if Kris turns it around though.

Agree $45million market cap makes it compelling but not sure i want to risk more after poor management this year. For example I would have guessed we had staff of say 180 for the 7 websites, 20 staff each and 10 board members and managers. Then another 30 for distribution centre. 780 was a huge shock what have they been doing? Just expanding! any monkey can build websites and expand revenue with a blank cheque book. The trick and whole skill in business is being able to grow while running a business model that works.

Why did they not spend the year combining all the companies? What were they doing?
My guess; champainge lunches, junket flights and hotels, hiring sexy PA's and flerting with them instead of working. Office upgrades, Limozine hire, meetings about corporate boxes at sporting events.

I think the potential is still there, lets hope they have woken up now, if so next christmas should see 40cent share price.