Well EVZ lives to see another day (maybe!). Had nearly given up...

Well EVZ lives to see another day (maybe!). Had nearly given up on the hope they would be re-admitted to the ASX however looks like it will happen.

Good news is the banks have extended finance to 2017, however doesn't take away the fact they have been losing cash for a while, and need a significant turnaround to get on top of the debt, improve cashflows and return to profitability.

For a company with a market cap of 1.6 million, share price of 0.8 cents - if a turnaround were to occur a significant re-rating would occur - however on the other hand could lose it all. For me a lot will come down to the half year 2016 results which need to be announced before they are re-admitted.

One to watch.