Yes Volume of Share Sales Moving2 Mar 2009 14:45
Yes the volume of share sales are moving if we had 20 people all buying 485,000, we would see the share price rise. Here the highlights from 15th January final results again to remind you how the company is doing cash rich and no detb is good IMHO:
Highlights
* Successful sale, as at 31 December 2007, of the Eclectic and inGroup businesses for a net cash consideration of £2.72m.
* Acquisition on 27 June 2008 of Colloquium Limited, one of Scotland's first ISPs, for an all cash consideration of £100,000 excluding deal costs.
* Elimination of all group debt, amounting to over £800,000.
* Cash resources of over £0.5m available at the year end.
* Turnover of £1.5m, up 47% compared to last year.
* Gross margin percentage at 35.8% compared to 23.3% last year.
* Administrative expenses reduced.
* Operating loss of £1.07m represents a reduction of 58.5% over last year.
* Overall loss for the year nearly halved from £3.0m in 2007 to £1.63m.
* Strengthened sales team.
* Board successfully restructured.
* New Nominated Adviser and Broker appointed.
* Proposed name change to Pinnacle Telecom Group PLC
Graham J Duncan, Non-Executive Chairman commented:
"The Board recognises that the first priority for the year ending 30 September 2009 is organic growth and tight cash management. We believe that the new financial year will, in many respects, be a cr