Ann: Appendix 4C - Quarterly, page-2

Well, that won't help this company for now

IN fact its going nowhere for 6 months at least one would think

$42m in Revenue
$46m in Labour hire costs
$6m in admin fees

Kept afloat by borrowings, 4 x bank loans at < 8% rates is okay in China, so it must be a decent company

It is a good company, with a good story, there revenue just isn't flowing through yet

Was expecting them to win some tenders once they were listed under their own umbrella. Doesn't seem to have happened yet

Might fall to anything really, no expectation of any buying of shares so will be up and down 20-30 cents based on whoever is buying a few thousand dollars of stock

I am tempted to put some bids in at 20, 25 and 30 cents. I expect there will be holders coming out of Escrow at some stage and they will take whatever offers are there

The $82m valuation is hard to justify on this