2 very good posts there I must say I largely agree with the content of both.
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On another subject I would like to address the following to anyone attending the AGM on the 27th.
Could someone please ask IK why he is carrying out multiple tiny issues under the Fortrend facility.
Having multiple issues only keeps re-inforcing to the market that the emission price (IN this case 7.1c) is a price the management of MNM thinks of as fair - otherwise why do it.
Why doesn't MNM just do one larger Fortrend issue for say 1 or 2 million dollars and then get on with deploying it whilst simultaneously stepping up the level and positivity of releases to the market.
The current strategy seems to be designed to hold the SP down.
One larger emission would also stop the pre-isse manipulation we are currently seeing and would give Fortrend an incentive to help push the SP up and increase the daily turnover.
Many thanks.
EB
MNM Price at posting:
7.4¢ Sentiment: ST Buy Disclosure: Held
