Fact is that even at the current price of $0.80c the stock is...

Fact is that even at the current price of $0.80c the stock is trading on a forecast 2014/2015 NPAT of about 10x.

That is by no means cheap for a company that has appears to have lost all direct, has been on a downward spiral for years and has a very uncertain future.

So sad to see a company with such a long and proud history being destroyed by what can only be put down to incompetent management, both past and present.