I don't object too much to this suspension of trade, in the LONG...

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andybo

38 Posts.

03/02/15

10:55

Post #: 14687552
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Originally posted by starstreak ↑

Everyone should stop worrying. It's a raise as simple as that. It's our first of a few no doubt as the newly branded company and an essential part of any tech start up. What we must judge is how much progress they have made so far for the cash burn, How well they have done to raise at these prices quickly and who it's going to etc etc. The guys have not set a foot wrong so far.

Make no mistake, with an excess of 10m MAU's in such a short period, this team is going places fast. 85% revenue increase this quarter ... This will soon explode as monetising becomes easier and more accessible to our users.

We are very much in the set up phase but the stage is being set for a major performance. The crowd is swelling and all the costs of advertising and setup will soon pay big dividends.... The main event is not far away.

$2 is too cheap for this stock

Seems mad to keep writing this but I am very convinced it will all make sense in the near future ... All IMO

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I don't object too much to this suspension of trade, in the LONG term it's irrelevant. However it's a confusing message to the market, why stop trade due to a Cap Raise, then cancel stating Capital isn't required? that doesn't make any sense, and it kills the recent momentum.

Only reasonable explanation that I have is an aggressive takeover bit, in which case; good on the board for sticking to their guns (if they see the market potential). Secondly, let's hope the bid wasn't a key partner (in terms of growth i.e. foxconn)

MIG Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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