I think we should thread cautiously here. the fact that a company makes a loss one year does not mean its going to continue in perpertuality. It could be that the loss was as a result of one-off capital expenditure.
Though I've not see their FS for YE2007 but the MD maybe right if he can justify the loss and you can see the projections. Remember WAPCo and Ikeja Hotels too had huge losses (i think) before their current standing.
On a less serious note, since when did the NSE become connected with loss or gain. Did you not hear of the company (can't remeber) that had been wound up some years ago still appreciating on the floor. Or of Juli pharmacy with 3 known outlets still appreciating (they must be selling crack).?!?!?
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