ATC 14.5% 8.7¢ altech chemicals ltd

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    Hi Grant

    I saw you were online so I thought I'd direct one at you.

    As you know, our favourite conversation piece has had a rather rough-ride of late (classic understatement). I know you are probably going to say "why flog a dead horse", but I thought I'd get your opinion on this.

    If ATC were to announce they had the current rights issue fully underwritten (ie they had the $1.9m) would your opinion of their future change??

    It seems that even though the dollars have been running out the door, the cash-bleeding may be slowing to the point where their gross cashflow could turn positive. Could this be enough to turn the stock around (in the very long term)?

    In your opinion, what else do they need to do (besides throw out the baggage)??
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