I was in a bit of a rush to finish the last post, so some more interesting things I noticed:
$100k spent on marketing and promotion last quarter, first time that has been done. So we have a big jump in capex, increased R&D and now some marketing and promotion spend. Looks like MDG is gearing up for a bounce back year?
Report says that almost all development costs were to do with Evolution 2.0 which has now launched in Australia. Good signs that hopefully after a year of consolidation, this one could be a year for growth.
The company doesn't really announce much to market, but you can find good information on their website. They actually do work behind the scenes!
It is just really hard to get into this one. Very tightly held and only 100m shares on issue. When it moves it can move quick. I tossed up biting at the offer of 9c, but I will wait and see what happens. Maybe for the next quarterly.
MDG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Not Held
