ouch!!!, page-7

Yeah, my figures were not that far out either, I never thought the former EBIT forecasts were realistic. What worries me is the 50% discount which had to be offered on the share price, which was already at or very near the all time lows in order to raise the capital. On the positive side at least this trading halt and raising occurred expeditiously. Yet only a few months ago they were raising capital at 11c I seem to recall, now 4c in a rising market, with other green companies doing very well I find quite concerning.

The new team were always going to need time to rectify this company (at least 12 months) and I have no intention of selling. However I am wary of increasing my exposure or it could be seriously 'ouch' if it is too late to repair the damage to the ship, to borrow the company's terminology.