White Knight(s) required with £1.5 -£2 mil ....

Hi isis,

Good to hear from you.

Lets look at the facts here based on last webcast, and kick a few figures about. If I misunderstood the webcast in anyway, then correct me please.

If investors was to offer to put up say £2 million in exchange for equity at say 0.5p = 400 million shares.

This would pay-off loan note and leave around £750k in the bank to cover further investment they talked of and speed growth.

They stated the figures were line line with all forcasts and expect 2007 to produce PBT not just EBITDA. So prospects look very good, when you consider they were talking about returning to a margin of around 10-15% on a the £10 mill T/O.

So, lets suggest there are 1.2 bil shares in issue at current value £6 million with cash to deliver extra growth. (current number 767 mill)

Company is profitable and forcasts they seem to stand by in the webcast suggest more positive things to come.

Surely, even you isis would value the company at around 0.75p+ per share, on this basis?

Then in H2 2007 you could look forward to even better forward forecasts and a higher sp, maybe around 1.25- 1.75 going forward.