Hi oztrader I agree that the 'sky is not falling in' but...

Hi oztrader

I agree that the 'sky is not falling in' but timetables have changed. Six months ago I thought that we would have had revenue from the US by now. The pause in the expansion into the US would of had a negative impact on sentiment especially with short term investors. In my opinion if there had been a pause in the expansion into Singapore but the US expansion had gone live there would have been less negativity.

Also in my opinion there do not appear to be many catalysts for a spike in the SP, which may cause short term investors to move onto something else. Even the announcement of expanding into new countries may not help too much since revenue will take time to flow in. Because I mainly invest long term I am happy to wait until there is evidence of success or failure in MBE's expansion plans.

We are almost into FY2015, and Bell Potter was forecasting NPAT of $5.6m and
Blue Ocean were forecasting EBIT of $6.3m for FY2015, if MBE achieves somewhere near these forecasts I will be happy.


As for market manipulation, there appears to be lots going on in the ASX at the moment and there is not much a small investor can do about it. If MBE meets forecasts then that should help stop us from falling too far. Have a look at what happens to businesses with poor fundamentals when the manipulators move on: FAS, PDY, CDB, QBL etc.