Hyro (HYO) was previously BMC media during the heady daus of the Dotcom boom and at the time was a $1bn company. These days the company is capped around $7m and is continuoning to provide digital services to blue chip clients. At the end of the month (31/05/05) the company is holding an agm to vote on the backdoor listing of the ISMC Group who have recently won Government &Corporate contracts in Australia & new zealand. The new management team at HYRO/ISMC have been brutal with their staff changes and slashing costs. The recent selling pressure has eliminated from ex Directors and staff (All have left the company) as opposed to genuine market pressure. Placement to sophistcated investors of 20,000,000 @.06c raising $1.2 mil has been made. Post acquisition the new Hyro/Ismc will have 224,000,000 shares with forecast revenue of $20,000,000.00 Compare this : OAKTON (OKN) Revenue $40,000,000 market cap $140mil. HYRO/ISMC Revenue $20,000,000 Market cap ???? Whilst it is unlikely to attract thousands of posts ,there might be there the odd reader out there who delves into this one and might actually make some money for a changr.
Do your own research:
www.hyro.com www.ismc.com.au
HYO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
