Yes I think your right Luv Games are being played ...but I would play twice as hard & buy at Multi levels I'm just returning at 7.9 & 7.6 ...
Like the results below:
Unaudited results for FY2017
Based on unaudited financials as at 8 August, the Company is pleased to confirm it has met FY2017 guidance with full year revenue of $52.1M (guidance of $52M) and EBITDA of $5.3M (guidance of between $5M and $6M).
MBE confirms that its balance sheet and financial position is strong, underpinned by solid cash reserves, positive operating cash flow, and sufficient financial flexibility available through the current CBA facility
& lets not forget the market was also happy w this ASX Release
RESOLUTION OF LITIGATION Mobile Embrace Limited (ASX: MBE, ‘Mobile Embrace’ or the ‘Company’) announces that it has settled its ongoing litigation with GBD Ventures Pty Limited in which GBD was suing MBE for $3.537M for loss alleged to have been incurred by GBD under a digital video advertising inventory supply agreement with MBE.
...MBE has denied the claim and has cross-claimed against GBD and two of its shareholders. Under the terms of the settlement, judgment has been entered for MBE on the principal claim brought against it by GBD, and the cross-claim brought by MBE has been dismissed.
...
Hard market times but not a lot of reasons to sell at these levels
best regards
