@Timbel - Nice post !
You'll remember this piece from the AGM then.
That word 'imminent' is the scourge of the investing world though. A time-value should be attached to it really, such as 'less than 2 months'
"Completed implementation of NETS contract, awaiting completion of certification that is imminent."
Cheers for pointing out Aconex/Oracle - a great success story !
With them (Aconex) having been in the top 10 of most shorted stocks is quite interesting because it kind of feels like MNW is being held back to an extent. Maybe more like being held 'steady', 'controlled' ??
Any other company with $5.5M revenue would have a m/c of over $100M, yet MNW are sitting on a $30M m/c. Most likely explained by the massive overheads.
Once they hit $10M revenue, that's breakeven and clear skies after that with potential takeover offers. The Teohs will be wanting to get value out of Mint for their circa 30% holding (combined) so it's not a bad time to be holding a few for good value in 2018/19 when the ball should really be rolling, imo.
MNW Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
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