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Masurenguy - Sun, 31 Dec 06 :

I just don't think that they have paid much attention to their website up to now and don't read anything negative into it. They will need to address this going forward though if they are going to capitalize on their listing.

At this stage they have just taken a foothold as a quoted company with a miniscule 3.7% of their shares in free float. The IPO was really to establish a facility that would provide them with both credibility and the means to raise more funds quickly whenever they may require them. They certainly didn't go to the time, cost and effort just to raise £500K. If they had really needed a cash injection at this point then they would have been looking for 5 or 6 times that amount. The market was buoyant at that time so they would not have been held back by poor market conditions which negatively impacted some other AIM IPO's over the summer.

That's why I'm fairly sure that we will see some further fund raising over the next 12 months to support either acquisitive and/or organic growth. At that point a more impressive and reliable website will be of greater significance to them.

Be interested to hear of any response that you may get from them.


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