Takeover update?, page-11

Brent,

It has been frustrating waiting for the announcement hasn't it. I see their full year results last year came out on 20th Feb, so we don't have long to wait for an update now. I am very surprised that the share price is only 93.5c when the net tangible assets are $1.53. If they can't get an offer in the order of the tangible assets, I would think that they would have to write those assets down. So I do think this coming preliminary annual report is a very important one for shareholders.

Even though it has taken a long time, I do think these shares are very cheap with the figures that are available right now.

GPASAS