All this is just my opinion:
As you all know,I am the biggest MSB bear around. Have been for a long time.
The financial position is weak,the company burns shareholder equity at a rapid pace,intangibles are high, goodwill is substantial and I sense that writedowns are coming soon.
I believe some analysts are far too optimistic on the prospects for the technology. Any potential revenue stream is not projected for a few years out and I don't think people can afford to wait that long.
I think someone needs to pull a rabbit out of the hat to save it from dropping below $6. I suspect $3 is generous.
I think uninformed investors will lose money if they simply buy and hold. Technicals suggest a well-established down trend. Shortsellers probably all share my opinion already and appear to be increasingly resilient.
All this is just my opinion:As you all know,I am the biggest MSB...
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Last
$1.40 |
Change
0.045(3.33%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.42 | $1.33 | $3.802M | 2.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23940 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 22571 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |