M7T 2.75% 53.0¢ mach7 technologies limited

Ann: Mach7 selected for Veterans Health Administration Contract, page-13

  1. 3,499 Posts.
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    Hi Thunder, that's a good question. For the last 14 months there's been constant selling into liquidity events driven by positive announcements - very frustrating to say the least !. However the determined sellers , presumably a fund, might second think their strategy now given the potential significance in revenue terms of the contract. Hoping it will find a base in the mid 70's and build from there with new contract announcements. The longer the churn i.e. 14 months the bigger the burn (in a good way ) . The shorter's have all but left the stock to feast on more attractive prey with those remaining taking a solid kick in the guts today. Still no commentary from imnoexpert ?
 
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