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Mitec Technologies V.MTMH

"Mitec Technologies Inc exited the telecom and satellite communications area in 2012 and is exploring interesting opportunities in other areas."


TSXV:MTMH - Post by User

Bullboard Posts
Post by sebastian2on Jan 13, 2005 11:29pm
181 Views
Post# 8430198

Here for the long haul

Here for the long haulI've been here since October 2003 and I definitely got pizzed off when management kept breaking promises of return to profitability. All that said I still believe in the company and their expanding product line. I can't believe they did not get taken over in the last few months by somebody else. Someone could have paid 50M for a company with 80M in revs no debt and ~15M in cash (sorry if the figs are off a bit, that is what I remember roughly). I beliveve that we will see a nice ride up for the next few days. Due to small float this seems to be the pattern the last couple of times something good like that was anounced. We should plateau aroung 1.60 in a week or so IMHO. Also I would not be surprised if we hear news about another merger/aquisition by Mitech. They were wery close to something like this at the last CC.
Bullboard Posts