I have been recommended this share by a friend who took the trouble to research this cash shell. At around November 2003 this used to be called
TransEDA PLC when it sold it's core business and was left with net sum of 700,000. The company then changed its name to Reversus PLC.

It was then decided that the best strategy for the Company at the time was to pursue a reverse takeover and it commenced a review of potential targets.

this was latest RNS on the company .. i believe this change of director means there could be developments . The share rose 30% this week before coming down again to the current level (directors issing statement of no reason for increase etc ). With the cash the co is holding at the moment and with very little cash burn there is little downside to this ..could be worth a punt. Normal warnings apply DYOR etc etc

Reversus PLC
05 January 2004

Reversus plc ('the Company')

Change of Director

The Company announces that Neil Crabb has been appointed a director of the
Company and that Ian Benson has resigned as a director of the Company with
immediate effect.

Bob Quinn, executive Chairman said: 'I am delighted to welcome Neil to the
board, he will be able to help with an assessment of various acquisition targets and brings with him valuable experience with respect to technology companies. I would also like to thank Ian Benson for his hardwork and advice during his tenure as a non-executive director, particularly in the last six months.

Details of Neil David Crabb's current and past directorships are set out below.
Neil David Crabb, aged 36, was a non-executive director of Power X Limited when
it was put into administration and a non-executive director of Weather Index
Limited and Investhink Limited when liquidators were appointed to those
companies, in each case a creditors voluntary liquidation has been agreed. There are no other relevant matters to be disclosed under Schedule 2 paragraph (f) of the AIM Rules.

Whats happening at Reversus?

What do the MMs know?

Bid price up by 80% at the end of today.