I think you will find that MFS will cover all the issues with the financial side of the business and the media will start to talk the company up. By the time it lists all investors will see a new company with new ambitions and its possible we could see $3.00 + For those that bought at 99 cents you have done extremely well and good luck to you for having to put up with all the rubbish in the last two weeks. Still the share has lost value a lot of holders would be still be out of pocket even at $3.50.
It would be nice to know that the hedgefunds still own borrowed stock. If they have borrowed heavily to short they would be feeling extremely sick at the moment! ASX listed shorts are low however no one knows how many short the hedgies are! Will we see a short squeeze as well?
Well done to MFS management for taking the company off the market!
MFS
mfs limited
