Bullboard - Stock Discussion Forum mdf commerce Ord Shs MECVF

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mdf Commerce Inc. is a Canada-based company, which enables the flow of commerce by providing a set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. It offers procurement, ecommerce and emarketplace solutions. Its emarketplaces connect buyers and sellers across multiple industries and offer transactional platforms... see more

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mdf commerce Ord Shs > RBC Direct not updating on MDF share price??

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Post by gbenga on Sep 29, 2020 2:48pm

RBC Direct not updating on MDF share price??

Any update on MDF today? My RBC account is not updating the MDF symbol and share price for some reason.

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Comment by mlmack on Sep 29, 2020 3:46pm

Same with TD, can't sell my existing shares, saved me a lot of $$$. might get through $10.00 today.

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Comment by gbenga on Sep 29, 2020 4:18pm

Closed at $10. No news out. Anyone have any info?

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Comment by sunsurfer11 on Sep 29, 2020 4:55pm

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 ...more

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Comment by masfortuna on Sep 30, 2020 8:57am

They signed some new contracts. We didn't get the details "yet". Not sure why. That's what is moving the sp. With a very low float, I can see this hit $20 in the short term.

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Comment by classicact on Sep 30, 2020 10:23am

This is an accumulation by a group that wanted in and willing to pay up to $10.00 per share it seems. Thats where it hit resistence. Be careful as when the buyer stops or gets the number of shares he wants there could be a sell off back to earth. Too risky for me at this point, I like taking my profits. imo

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Comment by sunsurfer11 on Sep 30, 2020 12:42pm

not worried about the price drop today..needed to happen..can't go up parabolically every day...for the trading shares out, there needs to be some base consolidation..this thing is still heading to mid teens to $20 before christmas...not selling any of it at this point..too hard to catch it once the momentum returns..sold Shopify much too early..won't make that mistake again..

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Comment by WQWDKWDJ on Sep 30, 2020 1:23pm

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Comment by masfortuna on Sep 30, 2020 5:37pm

That's not how pros accumulate. And if it was, WHY would "this group" pay a 40% premium on shares? mas

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Comment by masfortuna on Sep 30, 2020 8:29pm

Also I would look at the numbers as a whole. 17 million o/s trading at $9'ish. Assuming that they had 100 million shares, the sp would be $1.30. With a p/e of 3-4 and earnings in the 80 million range, would you say that it is over priced at $1.10? What do you think a venture company (which this is not) would be trading at if it had 100 million in revs which I think the next q will ...more

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