close to 70% of MNS is tightly held by a loyal band of long term investors. we aren't selling. What is on market is being snapped up in a hurry, so soon the number of sellers will really start to drop off and that's where we'll see some amazing gains in the SP. Because it's so tightly held the chances of a takeover are pretty slim. We'd be looking at $1.50 plus before that is even entertained and even then it would be a low ball number.
For sure some investment managers are starting to get interested. If you knew the background of some of the board and ex-board member you'll know they have decent connections in the finance world. We have the right management on board folks....except for Jacobs...not sure what he does. But Houllas & Poullas have shot the lights out over the last 12 months...am really looking forward to this years AGM to congratulate them both on a job well done.
I only hope that MNS becomes even more tightly held as the many new shareholders join the register so if any one want's in...they'll have to bid it right up.
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