dams busters, page-17

Read the latest pathetic response to the ASX price query. Where is the cash coming from? They cannot last long. They have now burned nearly $8m in 18 months. A placement at 1 cent? - I don't think so! Debt? - don't be funny. Like lots of these small companies it is a downward slippery slope to nowhere. Nobody even wants the corporate shells. If you trade this penny dreadful stuff be prepared to lose it all. The days of these types of undercapitalised start-ups is over. Wait another 20 years or so there may be another cycle. Someone will take them (or more correctly the technology) over for nothing when they go broke - I give it 6-12 months before the liquidators move in. Take the 1 cent now - I won't be a buyer!