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paulypilot - Sat, 24 Dec 05 :

Hi,

A0469514 - personally I know very little about this company, and have not spoken to management, or indeed anyone else about it at all.
So obviously don't place any reliance at all on my opinions here !

But on a cursory glance, the technology sounds quite interesting, and it seems to be thrown in for free, with the mkt cap around net cash.

Generally I've done very well on this type of bombed-out tech share. They usually recover from a valuation around net cash, especially on something (hopefully) transitory like a delayed order.

Lots of questions, so it's very much a gamble. But a better gamble at 24p than at 100p a share, with all the hype stripped out.

Sorry I've got nothing intelligent to say about this company. Will try to do some reading on it over the holiday period. But am happy to have an initial stake.

Regards, Paul.


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