r.i.p?, page-2

Hi Yokka,

I wouldn't be to dis heartend. Let look at this from a pure investment play.

1) The new board have repeatedly said they will book a small operating profit which should be out in Jan 2010.

2) There is no way any court is going to wind them up with there balance sheet back on track. The reason I say this is that even if they were technically trading whilst insolvent (which must be the only basis for the court action), the court needs to condsider all parties involved which includes current share holders. If they were to be wound up no one would benefit, creditors, shareholders, customers etc etc etc


If Jack can prove the cash postion is real and there proposed profits are real, the court action will be knocked out, the profit will be booked then the upside is considerable.

I think this is a buy. I would argue that there is more upside than downside for long and short term players.