Its a pretty simple answer really. Management has had the past 12 months + to get the ball rolling, and stich up deals etc.
I realise there have been some adverse situations which have pushed the share price down, but the simple fact is the company is not winning the contracts they are quoting.
The share price concerns me, but not stitching up any substantial contracts is far more concerning.
Unfortunately, the plain and simple fact of the matter is that management haven't really been able to put anything substantial together deal wise (not including MOU's) over the past 12 months. Lets not forget the touted $15 million out in the market in quotes that Ross indicated they expected to win a fairly decent portion of.
Until MVH starts to win some decent contracts, don't expect the share price to go anywhere. More importantly, management needs to put the existing MOU's with China and India into signed contracts, which will equate to $$$$.
I know there is plenty going on behind the scenes, but the simple fact is show me the deals/contracts, signed, sealed, and delivered, and only then will we see a company moving forward in a positive manner, both company building wise, and share price.
New, and existing investors will want to see a growth stock growing, and producing the goods.
Noggie
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