Ann: Publication of Research Report by Patersons, page-23

Well well well, another all time low at 0.7c.

Two possible scenarios from here:

1. SHP is running out of cash ($1m left in bank 3 months ago), has already fired staff and switched off their 1300 numbers, and just about to go out of business. Administrators standing by.

2. Someone has been the predator wanting to take out SHP at close to fire sale price, and has been aggressive dumping as shown in the trading pattern in past 12 months. Possibly did a deal with Paul Warren with a short sale agreement (paid PW 1.5c a piece to borrow his earn outs). SHP not having positive cashflow and can't do CR at half of what the directors paid). Working to run SHP to the ground and then offer 1c to clean them out. Look at the wording of yesterday's announcement and this could be what's happening. Patos already cashed out long time ago and Goulopoulos' last straw to beg for a 2c research from his employer.

Either of the two scenarios, the Board has to be responsible for this mess.

The next 4c will determine its fate. For sake of all holders I hope I'm wrong on both counts.