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Formjet planning to make 'strategic acquisitions' http://www.ibtimes.co.uk/articles/20091223/formject-planning-to-make-strategic-acquisitions.htm 23 December 2009 @ 09:44 am Formjet is planning to grow the business by making strategic acquisitions in 2010 and taking advantage of opportunities from the economic and financial crisis The firm said 2009 had been a transitional year with the sale of Panda Software (UK) and Andrew Monk joining as chief executive and taking a major equity stake in the business. But Formjet said that before embarking on an acquisition strategy it was important to "have one's own house in order" and, as previously reported, some costs had been taken out of the business. It added: "In addition, we will also be providing for the potential write off of our loan of 397,418 to ASI Benelux as the board of Formjet does not believe it is in the interests of shareholders to fund this business further due to difficulties in the Dutch retail IT markets. "Formjet has no equity or ownership of this business." It added: "The board will also be taking a very prudent approach to all accounting policies, which may necessitate further write offs and provisions for the year ending 31 December 2009. "We are able to take this approach, as our balance sheet remains strong." Story provided by Business Financial Newswire

Excellent and a good cash position. I notice they also missed Habitat http://www.manchestereveningnews.co.uk/news/business/s/1188629_habitat_hattrick_for_styles__wood

Don't LoL at me. When this starts it will be gaining momentum.thrupecne first

Hopefully the next commodity play to double.

Expecting some figures here shortly.

Great double bagger.

I see it!

and bidding well over the asking price.

Bounce off the low.

What is this to fund. It's going to be big for GAS

Lets see where this goes.

50K on PLUS

Grabbing some attention today

Have to have a few more now.

Market has little stock. Now 25K available

Looks like we are off and running.

MrMAn and all when this starts to move it usually has a strong run. Up again today so looks like we may see more traders buying in soon.

Few more of these cheap shares finding a good home today.

Just need a little patience and this will reap great rewards.

Started to attract some interest at this level.