I think it surprised everyone including the big buyer(s?) who seemed to relentlessly run her up over the buck mark. I get the feeling this may be an opportunistic raise as there was no rush to raise given the current burn at all. This could be a great decision. Burning questions are; who is providing the cash (existing or other) and how fast is the raise to be conducted, what's the new funds being used for and of course the price. If money is raised fast to safe hands for something game changing to migme... Then this could be a great day.
On another note the quarterly is due today. I would expect some updates as to our latest MAU figures and this could possibly ignite a scorcher if we continue at previous growth rates.
I await today's news with excitement.
MIG Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
