MIK 0.00% 1.5¢ mikoh corporation limited

2nd gfc won't help, page-4

  1. 84 Posts.
    There's one other thing I should have said in response to jarl's comment about seeing more revenue this quarter. I thought I heard or read something somewhere about substantial revenues not really flowing until the Thai reader rollout was complete, and that that wouldn't happen for some months. As I understand it, MIK needs to raise the $5M for Kollakorn first to fund the reader rollout. I thought revenues wouldn't pick up materially until perhaps early 2012, which is wen I think the share price might really start moving (i.e. based on results not just forecasts, no matter how realistic). Obviously, if Malaysia can be signed up by then there will be an even greater boost to the price, and I'd hope that even 20 cents per share would be a bargain then.
 
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