Isn't MBE notorious for keeping the market guessing and then surprising with new signed deals and higher than average revenue.
I think it is part of their "staying under the radar then surprise" strategy. They want to get it right and I don't blame them. I reckon we're going to see some new developments (deals) very soon as well so stay sharp.
This is just my opinion but unless there is considerable news, either positive or negative they MUST report it, which leads me to believe that it is going as planned.
What I find particularly interesting is that in their last market update they specifically included that the revenues did not include any overseas revenue, so there must be more if they had any traction in the US and Singapore/Asia.
I'm not worried, please correct me if you think I am wrong but according to my revenue projections, I see them with a total revenue of 11-12m half-yearly not including overseas revenue. With overseas revenue, a possible 3-4m more (at least).
DYOR
MBE Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
