RE: MCS featured in Stockhouse Editorial todayMeridex Software ($1.16)
Meridex (TSXV: V.MSC) develops management software for small and medium sized business and in Q1 financials, reported that they now work with 500 to 800 clients on a regular monthly basis. It is our understanding that the company's client base continues to grow and if/when the right companies come along, they are more than prepared to also grow through acquisition. There is no point wasting space to discuss what they do in detail, so please visit the Meridex website and also that of their subsidiary at www.tillica.com.
The CEO is Dr. Intesar Ramley who in May bought a $600,000 private placement in this company at $1.60 with $1.75 warrants. Obviously this is a very solid vote of confidence in Meridex. We believe MSC will receive analyst coverage out of Europe in the coming months (they recently obtained a listing on the Frankfurt Stock Exchange) and this increased exposure should help the share price considerably. It's impossible to tell how long selling will continue at this level, but for anyone interested in the tech sector, this is a good time to research Meridex much closer.