where too from here.?, page-7

Based on 30 Nov numbers the NTA is about 78c per share. With the various cap raising the NTA goes down to 50c. Using the post capital restructure balances sheet the liquidation value is about 12c. (40% for inventory and fixed assets)
A lot appears to have happened between 30 Nov and now so not sure to what extent the balance sheet has weakened. However the book value of TTN is somewhere between 12c and 50c.
The EBIT change from +10mil to -4mil based on the latest guidance is very incomplete as no indication of what is business as usual and what relates to write downs. I reckon if they can demonstrate they are still making money and the loss has been driven by writing down fixed assets then things may not be too bad.
Something else I find intriguing is the volume of shares traded today. Not a mad scramble for the door as there was when the first profit warning was issued.
Certainly a share to keep watching.