btw the market cap showing on HC is based on the old number of...

btw the market cap showing on HC is based on the old number of share on issue (you probably know this but thought I would mention it in case anyone was misguided by this)..Hughes will have around 1.2 billion shares once they issue a few hundred million performance shares and so that is roughly a $48 million mkt cap at 4c and they have about $20 million in debt from memory. Based on a conservative view of the earnings it is running on a forward p.e of 6