I suspect the lawyer has been brought in to clean up the balance...

I suspect the lawyer has been brought in to clean up the balance sheet with the absurd overheads this comapny has been carrying!!
I wouldnt be surprised if once the capital has been raised to clean up the company that a new direction could be on the horizon certainly including the great nappy, although if i were on the board i'd be reveiewing the brand name cos it seems to have been well and truly stuffed up by the sales and marketing team in Australia considering what a great performing bio nappy it is...a bloody tragedy!!
Hopefully the small shareholders will get a chance to top up at these low levels as well if the plan going forward is worthy of it..hope so.
I am not ready to right the company off yet..only the management. 9 million has been spent on the r and d of this category busting product..its ready..all we need now is an intelligent approach to sales and itll fly..maybe even add another technology in there..who knows..but i'd suggest that with 9 mill spent there are shareholders with deep pockets who dont want to see this fail..and why should it..the company has vitually no debt a world beating product and i suspect some entrepreneurs behind it reading the riot act...the agm could be interesting?
.. theres no point buying into a company thats bankrupt but theres every point into buying in if it avoids bankruptcy ..etc etc