Financials technically insolvent and on a short leash from the bank with a July 2013 repayment deadline and no immediate ability to repay. BIg cash/working capital deficit, painful debt/cash flow and and huge debenture load also worrisome - total 151 million debt, and market value of these companies are now at 15% DF 2p (166 million) - 10%DF is wishful thinking means that there is no equity value after abandonment liabilites. We are still in the woods for some time. cross our fingers and hope JC and his gang will have a solution. I can live with equity dilution at these prices.
ouch