arbitration9 Feb 2011 22:56
its in the annual report. the company changed the building plans with agreement of the contractor and now he wants more. the legal opinion is that there will be no further liability. the accounts would have provided for a liability had there been any propect of that being real. Moreover recent funds secured by the company also confirm that the investor,in this case a repectable II, would have considerred the potential outcome of the arbitration.In brief, when the production starts, it means that the company will be making an annual profit of say £4 million to be conservative and at 8 times PE it would mean that market value should be closer to £32 million or £40 million. in a nut shell, the SP should go to atleast 20p and may be 30 pence.i will buy tomorrow if the MM sell any. tried this all day today and there is simply no stock.