TSXV:MBI.H - Post by User
Comment by
str8tgoodson Apr 13, 2010 1:13pm
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Post# 16986342
RE: RE: 1 for 50 Consolidation
RE: RE: 1 for 50 ConsolidationGood point slagheap, there should be a small float after consolidation, just like there was when MBI first started trading over 2 years back with their 40 cent financing. Now look at them. They're still a long way from receiving revenues, and this will be one of many more financings to come.
The real question is, does management have what it takes to finally make a deal, and get revenues coming in. So far, I all I've seen in their past is promises, and lack of follow-thru. Maybe this time is different. We'll see how the share price moves after the IPO. I believe it will move lower, and then I'll re-evaluate getting back in or not.