This is an interesting stock iv been watching for sometime
Its interesting because i actually lost a bit of money through spreadbets in 05..i still remember cat talking about it..
Its also interesting because its about 20p. Which gives it a 13mil market cap, thats pretty much equals net cash for the stock.
It fell a few weeks back on order delays...i like the technology..something related to blackberry which is still in a growth industry. They have a patent for the technology and its already selling!
The reason i like it is because your getting all that technology for nothing really given that they have 13.1mil net cash.
But obviously since results were announced back in November they have been burning more cash, so its a question of whether the management can turn it around before the cash runs out and how much cash they are burning.
If it goes any cheaper it will certainly get interesting.
