OTCPK:MECVF - Post by User
Comment by
sunsurfer11on Sep 29, 2020 4:55pm
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Post# 31639144
RE:RE:RE:RBC Direct not updating on MDF share price??
RE:RE:RE:RBC Direct not updating on MDF share price??the rise in share price explained by the following:
1) 100% focus on SAAS model building on historical revenue stream of ~ $80m
2) Recurring revenue now in excess of 80% and growing as % of total revenue
3) Recent huge contract wins like UK's National Health Service among others will drive revenue sequentially higher in next 2/3 quarters as the accounts are integrated
4) Extremely small float will rocket this to the upside based on momentum..100k is huge volume for this one
5) Market cap now closing in on $200m and any news will easily carry it over $250m which will be big enough to get a deluge of analyst interest creating a self fulfilling cycle
This is the one for all those hwo had fun with Shopify at $9 a few years back and want to relive that rush...my (very) short term target (in absence of news) is $15 at which pint it will be trading ~ 4x historical revenue (compared to 50x for Shopify) and further news will result in another double. Now its all about maintaining momentum with carefully released news.
Good luck