Note: Where MoneyAM chart shows 0.00p, it means 1.00p(!)

which is perhaps why they are being forced to sell assets

Up..!

Good news today so the trend on the charting is changing for the better >>>>>>>>

Cosalt Offshore wins 3m deals with Acergy

Cosalt Offshore has won two one-year contracts with Acergy to provide all lifting services it requires in the UK and Norwegian sectors of the North Sea.

The contracts are worth up to a total of 3m at present and there is scope for a further increase in the workload over the coming months.

The deals involve Cosalt Offshore providing a total management service in addition to product supply to fulfill all of Acergy's subsea lifting equipment requirements.

up 10% this am.

Long may it continue. 8-)

A complete disaster.

genuinely sorry for you all (with one notable exception to whom all good things must surely come to pass in time), but why on earth any of you should have money in this flea-ridden dog is beyond belief .... the writing has been on the wall for ages, and if the share is not suspended tomorrow, then for goodness sake bite the bullet

Dont turn your nose up well you can if you need to it you wont be the first or last.

?

Not much value going forward.

Down 10% today.

Is it the end or will they suevive in 2011.

Sub 2p now not looking good.

..maybe worth a go @1p..?

Games up I guess.

That's a scary one mitzy! Looking like junk stock & administration on the horizon?

Is it? This is a gamble now but I've just topped up at 0.7p to bring my average down to 1.7p. Haven't got a clue which way it's going but the only way I can win is to gamble on a bounce back. Good money after bad? We'll soon find out.

This has fallen so quickly. Hanover selling their 6% earlier in the week, they must have known this was coming. Is that insider trading or just the benfit of being a large shareholder with your finger on the pulse? In any case they knew before we did.

The question is what is the true value of what we have left? The trading statement doesn't hold up - on the one hand they're saying the delayed sale is the cause of the half year results being off, on the other they're saying that they'll have to look at ongoing funding requirements and operations.

Is it a deliberate ploy so that new money can come in at a bargain basement price, or so they can take it private at a rock bottom price? At this moment we'd probably all jump at 2p per share, I know I would. That would have been unnacceptable a week ago, and only 6 weeks after the full year results painted a rosier future.

Big boys playing games, I'm joining in rather than backing out.

It looks like ir will be taken private Harry with nada for shareholders.

On 1st September, David Ross, Chairman, commented:

"The sale of the Marine division has enabled us to stabilise the business, reduce borrowings and re-focus the business on providing services to offshore industries. Trading has been challenging but the disposal of the Marine division will enable us to make a fresh start. To that end, we have today announced the appointment of a new senior management team, who come with extensive financial and commercial experience and I look forward to working together with them to grow the business."

The Marine business was sold for 31M and was supposed to reduce borrowings to 7M in September, presumably that figure is now incorrect but what is it? At a price of 0.75p what's left of the company is now valued at 3M. It would be useful to see the company trading figures exclusive of the marine division. What do we expect of turnover, 10M?

.

Games over for the shareholders.