They have 2.6m of debt

Intangibles of 2m

Wait for this.. tangibles of 328k

How much cash did they have left 1,447,000

But the last RNS stated they will use 1.4m of that to pay for an assetless company. So how much cash have they left ? 447,000

And what shite did they buy ? They paid 2.5m for a company that produced a profit of 84k and net assets of 146k .. yes 146k.


So currently it looks like they have massive debts (it could may have well risen) of 2.6m and they have very little cash left...jut 447,000

You can bet that a fund raising is on its way.. ala dilution.


Time to short this one !!!!!!

...and still going up. Good to see following the drift down over the last couple of months. Hopefully see 130p soon.

"Group NBT plc, the UK's leading domain name management and web hosting company, will announce its preliminary results for the year ended 30 June 2008 on 25 September 2008.

The Group has continued to build on its good performance reported in the interim results announcement.

We experienced excellent growth in our core products, NetNames Platinum Service and Managed Hosting, with good progress made in all areas of the business. As a result the Group expects to report earnings ahead of current market forecasts."