Anyone following this ?

MD, you're right - this was one of the blue-sky rockets or whatever list of ten shares that were going to make instant millionaires of all of us, sometime in the spring.

Somehow I couldn't see people queueing round the block to get their empty printer cartridges filled up, and I still can't; seems the market has agreed with that judgment, but who knows, at current levels, they may be either a good speculative punt or a recovery play.

I've done no research, though, just passing on what I feel about what I've heard, so anyone who feels more confident is welcome to place his or her bets.

ST read the trading statement as to why the drop. if they can turn it around then good upside potential but speculative IMO. What you can see is how quickly the darn thing moves though.

Thanks MM - just had a quick look as you were posting, actually.

I'd be a tad concerned about the major customer suspending further roll-out; that sounds ominous.

Still, in spite of all the issues, they do anticipate going cashflow positive in Dec this year.

There might be some upside as they appear to be valued below NAV (which means that whoever is responsible for the last two days' price rises had a bargain, IMO). It would certainly be interesting to see how the cashflow situation works out;it will be a big downer, on the other hand, if the roll-out situation doesn't improve in 2007.

Good luck if you're thinking of getting involved. I'd have to think a lot harder before buying. FWIW my preferred rescue stock is SUB.

Will take a look at that. My thought is that if they go cash flow + this year and sort things out then the turnaround in share price should be substantial.

Good luck

Looks like Fridays volume was only 210K and that moved the stock up 20 odd % ! With a bit of good news would hate to think where it would be.

Oh yes baby !