markrmau said:A cursory glance at financials seems to indicate their net assets now equals their net liabilities - when you include the $720k raised at about 6c - and assuming the commsec figures are correct. I don't know their cash burn rate.
You have obviously done more research on this company, so how do you view their financials? How much do they need for the acquisition you were talking about?
I just hope the holders of those 11 million shares don't get annoyed that they could have bought them on market for less than what they paid.
krisbarry said:Yield Management Business Details will be released to the market within days. This project is expected to increase yields on rental properties within the vaction rental market. The promotion campagin kicks of in May/June.
The model is a strong cash generator,while keeping overheads low.
Should be interesting to see how the market reacts to this business plan.
Aussiejeff said:Fingers x'ed. I jumped onboard this one today at .051c.... ;o)
I'll see what tomorrow brings before topping up further..
Cheers and good luck,
AJ
krisbarry said:Sure you have your point of view, but I saw just last week someone bought 1 million shares @ 9.5 cents = $95,000
Have you changed your mind about the expected share price in June 2006? If so, why? If not, why have you changed your mind about the stock? Not saying don't change your mind; just saying know the reason for changing your mind, as well as for making it up in the first place.krisbarry said:If you decide to hold for a year (June 2006), the anticipated share price according to previously released anncoucements should be around the 14 cent mark. A profit of more than 60% for a year aint too bad. Don't really see this stock as much of a day-trader, appears to be more of a long-termer.
K
markrmau said:This one defies explanation. Bounced back to 5c!
(Not one that I would hold though...)
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