don't be so negative

Without wanting to totally bag previous comments of last week, it seems to me that the directors are trying to keep Mikoh afloat until the cash starts flowing on the Thai deal. The last quarter was not bad, although costs were still too high, & we will probably hear at the agm that a lot more cash is in. It is a 'catch 22' position at present, but the main issue is to get costs down, & have people on the ground who actually do things.

The old guard, led by Blomfield, wasted millions over the years,by hiring useless yanks on big salaries,with contracts, so that if they were no good, as they were, payouts were required. Not sure who put the Thai deal together, but how does Caribou know it was Blomfield? & how does he know he was fired the next day?

The other comment about experience seems out of order,as you don't need to have worked for a listed company to know how to run a business. You need to know how to sell the product & motivate the staff on hand [& make sure you don't have dead wood] This company is so small that all staff, & that means directors as well, have to pull their weight at all times. That is why Tyree makes trips,so he can help do deals & see the full picture. To say that he & Scully-Power don't have enough experience is ludicrous.

The only way for the share price to rise is to make sales at good margins. We all need to realise that this company makes a good product & has to sell it, not once ,but ongoing. It has been a close run thing for years, & now that a contract is in place, give them a bit of space. I think the current people have the committment & skills to fix it.

We will sure find out at the meeting !