Re:Strategic Review Update6 Oct 2007 15:23
Having faced significant challenges, the Board are ensuring that a sufficient level of working capital is maintained, is pursuing a number of options including bank finance, a sale ( as suggested in my footprint 17th Sept) of or or investment in the Company and securing future sales contracts. A decision with the bank with regared to an invoice discounting facility should be made this week. None of the foregoing has any certainty, further updates in respect to these matters will be made next week, my opinion is that these shares rate a weak buy on a positive outcome.