P.P.S. This is purely JMHO... but I also strongly believe that Nigel Lees recent (i.e. 2008) insider activity (and other insiders for that matter) is a strong buy signal here... Why?

Lees did not have to buy on the public market... he already owned 2.3 MILLION shares pre-2008... he did not 'need' to buy an additional 400k at 24-29 cents on the public market... nobody could have predicted the dramatic slaughter of SGX in mid-Jan 2008 (i.e. 50 cents to 22 cents in just 6 short trading sessions)... what did Nigel Lees do?... he wasn't selling on the way down... once the dust settled he was buying... did he buy at the bottom?... of course not as no one can predict the bottom... you might get lucky every now and then but typically you cannot... heck he could have waited and bought this week at 20 cents no problem... all in all bullish activity for a CEO IMO...

also he did not need to exercise 250k warrants @ 20 cents on April 22, 2008 (actually he did as they were due to expire April 25, 2008)... but (besides that minor technicality :D) given stock was trading at 23-24 cents that day he really would not normally exercise those warrants (i.e. cash outlay of $50k) unless he was ullish IMO... unless we see him sell them on the first sign of strength (which I severely doubt and if so admit I am wrong) this is also reat news...

red911