" will say again from the Qtrly the company's words not mine...

" will say again from the Qtrly the company's words not mine

"SciDev achieved a modest profit during the quarter despite a reduction in sales during March from customers in the quarrying and coal seam gas extraction industries due to site specific reasons."

So yes they achieved a modest profit"

No they didn't they achieved a modest loss in relation to MC - There is a big difference between Gross and Net Profit.

I'm not sure how long you've been trading/investing but your comments are extremely nieve, there are only two things you can trust from a company report the date and any accounting/financial numbers which has been audited.

Anything else should be completely disregarded and ignored as company spin and completely worthless.

"More from the quarterly

"Cash at end of Quarter $1.112 Million"

Company has over $1.1m almost 11x the actual cash on hand figure you give as $100k. Are you really that slow not to realize that companies will hold funds in term deposits to yield a higher return than at call cash accounts? "

Do you know if that 1m can be liquidated and isn't held as security against the 250k loan facility? Given the company has absolutely no assets what so ever I would bet quite confidently that the 1m TD is being used as security for that 250k loan facility and isn't able to be realised in full unless the loan facility was closed.

"You really got a grudge against this company must have burnt you bad many many years ago and sounds like it still stings "

No none what so ever, I think I traded this for a very small amount in about 2008 and once again in 2009 or 2010 and thats all, amounts so small they wouldnt of made me lose a minutes sleep even if I had taken a loss.

The only grudge I have against the company and any ASX Penny stock like this is that they shouldn't be listed at all. If they were applying for a new listing today they wouldn't meet a single one of the criteria's. .

"I don't see the capital consolidation you refer to and @3500

So you haven;'t researched the company yourself and need another poster ot answer a question for you?

Seems that 3500 posts might of been a signifncant reason why you invested in teh first place, heres a tip if someone is a holder and ramping a penny nothing stock like this it's likely they are deep in the red themselves and need the SP to reach signifncantly higher levels just so they can reach break even and exit.

And I'm sure if I offered 3500 today what he paid for it he'd probably drop this one in a heart beat and leave you wondering why he left without saying goodbye if had so much great potential to be the next multi bagger.

"Every Dog Has Its Day"

Not in the stock market they don't ASX is littered with tens of thousands of companies which have delisted never having their day just like this one. Only a fool would believe otherwise.

"ERJ was a hated dog until it 20bagged recently
SHE was hated by many until it 10bagged, I was buying that at 0.4c-0.5c while it was hated
INL with a $3m market cap and in the ultra hot Clean Green Tech space stands a very very good chance of multi bagging from current levels and here's the catalyst for it"

There two examples, big deal I could list thousands which haven't mutli bagged on the ASX and costs investors millions over the years just like INL has in the past and will continue to do so.

"Intec continues to investigate other acquisition opportunities, principally those either
complementary or supplementary to SciDev."

Again just empty company spin to try and justify executive salaries. Wish I had a dollar for every O&J nano cap which was sitting on billions of dollars worth of oil reserves if only they had just a little more money from investors to start drilling they would surely strike the next Ghawar oil field and make everyone rich.


Same deal for this mob, company is just a empty shell always promising the next big thing if only they had a little more money.

"Now as you were with your hating"

Play the ball not the player - you've obviously invested with only minimal if no research of your own and seems more on the comments of 3500.

Only hate is towards dead companies like this still listed and unfortunately still drawing in unlucky uneducated investors with their hard earned to pay company salaries.

Seriously if you don't realise the difference between Gross and Net profit strongly recommend stepping away form the markets, attending a entry level accounting course, spend a few years paper trading and only then look again at investing/trading.


Kat.