not over just yet, page-23

One thing to put the hat around here and ask for donations to keep it afloat but
1) competition too high
2) staff costs way too high, $2,723,000 last quarter, that is very high,
3) sales slow
4) MC is very high, piles of shares on issue,
5a) equates to administration which..
5b) equates to either at worst liquidation and company falls over oor at best
5c) DOCA, completely recapitalised and existing shareholders are diluted out of the market, eg a major capital restructure on a 50 or 100 for 1 basis then a significant placenment to "sophisticated" investors
Then
5d) shareholders may get a chance afer that to participae in a rights issue, and in the end will bring the company to a similar current MC, and the merry go round goes round and round