r.i.p?, page-6

Well, I ain't smiling after that announcement of another trading halt! If they needed to recapitalise with additional funds, why was it not done a fortnight ago? This morning's trading halt announcement gives me the impression the company are acutely aware they have insufficient funds to prove to a court that they are capable of paying their bills on an on-going basis, despite last week claiming they would vigorously defend the action.

Who really knows? If the company does go belly-up in the next few months then there has been some serious misleading of the market in recent months. A complete mess has been made of a company, with what I thought were brilliant prospects of turning around under a new management team.

I am annoyed at myself about this one!