Mermaid Maritime - Is this stock really a mermaid?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/21/10 CIMB Mermaid 0.73 1 Outperform PER12x
05/14/10 CIMB Mermaid 0.67 1 Outperform
05/17/10 CIMB Mermaid 0.67 0.73 Trading Sell PER12x
05/31/10 CIMB Mermaid 0.48 0.73 Trading Buy
06/08/10 CIMB Mermaid 0.53 0.73 Trading Sell

01/04/10 DBS Vickers Mermaid 0.83 1.11 Buy
02/17/10 DBS Vickers Mermaid 0.64 1.03 Buy
05/07/10 DBS Vickers Mermaid 0.68 0.64 Fully Valued Blended PER 9X & PER12x
05/17/10 DBS Vickers Mermaid 0.67 0.53 Fully Valued PER9x & 12x