Sometimes, when there are too many rumours floating around, one has to be extra careful. The newspapers generally do not publish rumours unless it comes from a "reliable" source (you have to read in between the lines as knowing how things work in the media industry is very useful to investors). Of course, knowing how things work for listed companies is equally important and once again, you have to read in between the lines.
Took a quick look at the results. They only showed the 3rd quarter results and not the 9 month consolidated results. For the 3rd quarter, it had revenues of $22.6 mil and a loss of $2.6 mil.
Had to dig the SGX announcements for the 1st and 2nd quarter results and these show losses of $1.37 mil and $1.9 mil respectively. Added together, in the last 9 months, Asiatravel lost $5.87 mil.
With 295 mil shares in issue, at 26.5cts, market capitalisation is $78 mil. Cash is at $6.7 mil compared to $5.7 mil the year before but this includes the $3.46 mil from the exercising of its warrants. Nothing else exciting in its balance sheets.