While your assessments may be right, the value is what it is and...

While your assessments may be right, the value is what it is and not a professional investor in sight of this company.

A fund manager friend of mine said he wouldn't go near this company for 4 reasons:

1) There is no separation of Board & management (the chairman is also on management).

2) They consistently fail to make money.

3) They keep acquiring businesses and then fail to deliver.

4) they regularly fail to inform the market with balanced reporting. Everything seems to be fluffed up.

When I put to him the arguements here on HC, he suggested that I must be a fool to have believed that the company was ever going to be successful while managed by the current guys. He read through the current announcement and he said he thought that this deal was a load of window dressing and that he would expect soon for the company to put its hand out to shareholders for more money as there was NO MONEY FOR THE COMPANY or operations in this deal.

He said the Goh transaction raises a lot of questions, which he found required reasonable answers.

He said he wouldn't buy the shares at 1c, let alone 60c or even 7c.

This scared the hell out of me.