still waiting, page-11

The takeover news from the company has been very disappointing, however, what else must be taken into a/c is that the company has very low levels of cash and for a high growth company that could spell disaster.

BVA is no different from other IT companies that continually announce new contracts which almost always experiences delays - take ITE as a case in point.

I would expect a capital raising would be required shortly if the Ironbridge proposal is not happening and that would have a further negative impact on the sp.