Like many private investors I have been encouraged by the recent newsflow, it would seem that the new structure, pricing & growing business is accelerating the company towards sustainable profitability as confirmed by yourselves.
However many private investors are debating the following statement released 12th December 2002 at the time of the "Scheme of arrangement" RNS..........
" The prospects of the Group are materially dependent upon the success of the "Enterprise" project. "
If this 'single' project is crucial to the success of the Group, why is the company so anxious to part with the all it's cash ? If the ETP project goes 'belly up' and the company need to re-group, the decision to hand out all the cash might possibly turn out to be disastrous ( I sincerely hope not ! )
Ignoring the ETP project I thought we were well on the way to profitability but the statement from PTS does seem to contradict that perception and leaves me feeling a little nervous.
Spec BLT
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