I have been hearing a number of bullish comments on this company. The company distributes vending machines all over the country that give out cash, mobile top ups etc.. and have around 400 machines. They recently had a fund raising which was succesful and will be reporting on Friday. The good news is that they plan to go into e-commerce and have already signed a deal with Alcatel. So in the future if you run out of cash a quick call on your mobile enter your security pin and you will have purchasing power. Does anyone have more info on this company?

Up 50% in last 4 weeks & back on the move today with +5% Nice, any further news?

Any thoughts on this RNS.

"Vianet were notified today that following a purchase of 6,434,260 shares on 22
March 2005, Michael Underwood's shareholding in Vianet is now 14,646,758
ordinary shares representing 10.84% of the enlarged shares in issue."

vianet up on rumours of a tie-up deal with coca cola, this would endorse their product on the back of the GSK deal recently

The full year results show encouraging signs of intrerest from some big companies. Vodafone are due to roll out fully in the second half of 2006, for cash, and chip n pin related services via your mobile phone. Also there is an unamed mobile phone company also trialling this technology. 2000 telemetric units have been produced gor gsk who have already installed 1300 units.They are currently negotiating terms for additional applications,system administration and an extensive roll-out.Fujitsu is a partner to roll-out smart vending to the wider retail market.Selecta has run extensive european trials and has been invited to contribute to its telemetry strategy by the new management.The Alcatel mangement and support has been disengaged and brought cost savings as it has been moved to a new state of the art hosting service. The small fundraising seems to be cash to tide them over as one of the deals will put the company into the black, as said by the ceo. The downside is that these trials have been going on for over 12 months and still no one has signed a frm contract for orders, but the relationships between vianet and partners is strong and the management seem to be confident. This looks a good investment if you like to take a risk/reward punt.

good investment??? they are turning over circa 25k per month, have 9 months cash left and it looks as if Mars are trying to pull out of their contract.

they need to sell 2,500 units per month fro break even, i think they have sold in total maybe 5,000 in 2 years.

looks very dodgy to me