Bluebelle: do not patronise.....Its the economic cost of all expenses, classified as investment or working capital not just a simple minded asset class allocation model. Do not think for one moment I do not know what I am doing......I bought this stock in 2003 onwards on a decline from 55p to 15p: had about 400k.....I am doing the same thing again except doubling up. Sold over well 100k at over 175p so now I keep buying, like other bulls. The tabliod idiots who keep attacking and posting more rubbish on Battlebridge etc have an agenda, so why attack another man's?
Company is not skint: there is no cash call: blimey...this one has been going on for 18 months and the cash balances never dissapoint. Remember the £89k in cash at Dec 31st 2004????!!!! Done pretty well eh???? Turnover in 2006 will be easy £3m and with no major R&D forward Capex; we are indeed looking at positive cashflows. H1 2006 will be commercial validation phase, followed by facilitation. I keep buying.
And when the shorts start spouting proverbs and other religious twaddle: its really nothing to worry about.