On the 4th Feb AMA said they were going to write down between...

On the 4th Feb AMA said they were going to write down between $36-40 Million dollars
The existing business's that are trading well even at this point in the economic downturn would still have to be worth say about $20 million.(Far less that their purchase price)
I think there is about 150 million total shares out there somewhere, 99.99% not selling.
If you say the company business's that are left are worth $20 mil the share price should be about 13c, even if you halved that it should be at least 6-7c
This has got to be an earner, I can not understand the logic of selling shares at 2-3 cents unless someone who has not paid for shares is trying to drive down the price.
At this price WHY would you not hold or even buy.