madmacs - t/a request, page-28

another good announcement disappointing day ...

certainly hit another wall of sellers ... a few traders obviously jumped in and out and today's announcement appears to have killed the run, although depth is still strong and it wouldnt take much buying to reach .245 again ....

still another great strategic move from PBI .... no reason why this won't start to pay immediate dividends, particularly given the legwork already done in UK. take out a competitor and use their existing infrastructure to roll over your new sales.

as for the cash position, one of the traders mentioned they are chewing through cash. i think you'll find they have plenty to get them through until options conversion in december, by whcih time options should be well in the money and $7m will hit the bank. some dilution, but nothing too outrageous considering the low market cap at present.

what you reckon cabe, they got one more announcement up their sleeve this week ??? I know we can' be greedy after these past three good news stories, but i think just maybe there is one more suprise in store ...