HITTING THE OZ PRESS.

devlin - hello mate.

What a surprise to see you pumping away with another fabricated rumour.
Isn't it about time the FSA got hold of you?

Anyway, for waht it's worth, the capital reorganisation announced on 9th Jan suggests that they may well be looking to raise further funds via equity issue belwo current par as the relative par value is significantly lower after the reorganisation.

If they weren't planning to raise further capital in this way, they could have consolidated without initially reducing par and creating deferred shares...

http://www.investegate.co.uk/Article.aspx?id=200901091605254282L

Rgds
dell

All IMHO, DYOR etc.

no consolidation .agm tuesday 5p offer on the table.this will be 3-4p by tuesday.stock overhang about cleared.then boom

Correct, there is no consolidation.

The capital reorganisation mentioned in the RNS of 9th January is simply to lower the par value from 1p to 0.01p.
This is because they are unable to issue new stock below current par value under UK company law. The planned change in par value allows them to issue new shares at below 1p all the way down to 0.01p. Recent results with a large trading loss(prior to the unrealised forex adjustment) and cash outflow indicate additional funding requirements.......

Rgds
dell

All IMHO, DYOR etc.

cheers for that dell,

mm,s now short and 5p will be a reality at mondays agm.watch this rocket 1.2 mill in cash and new lasers selling like hotcakes.

you can now sell 1000000@.44 v buy 50k mm,s now fucked

Why would you want to sell if its going to rocket??

cannot even get a quote for 10k or 50 quid.they are bidding for stock.1p+ coming today

nearly thier agm news iminent 5p+