After doing a bit more study on these last night i'm a bit skeptical.
I see you've been following this company for a long time bozot.
What do you think of the fact that 235m shares were listed on the same day as the announcement, placed at 4c?
It seems dilutionary given the good news they were expecting and didn't impress me.
Is next years profit forecast a one off which is being payed for by acquiring nexbis?
I'm not saying they won't turn a profit in years to come, but the bulk of the contract could be weighted for 09 so that the placement getters can make a quick 100% profit. Not bad for 2 weeks wait.
I think i'll keep an eye on them for now and re enter when new contracts roll in.
15c is a fair target imo, but there's a lot of new shares on the market to wade through to get there.
ETC
entertainment media & telecoms corporation limited
