this is crazy.looks like Mikoh have announced their 3rd very good deal in only a matter of weeks yet nobody seems to have noticed.
with the 2 recent independent valuation reports valueing a mikoh share at around 20c a share based almost solely on the recent Thailand /Koolokorn total country EVR solution deal.
Since then they have announced a very promising Malaysian evr/avi potential application deal with the fist $3million being free carried and today another super protective clothing/apparel deal with GSSM with performance and sales targets with 10 million mentioned.
I am dumbfounded that the shares are still only 3.2/3.5c a share and have not moved at all on these great announcements. Why do we have a US independent valuation of around 20c a share yet a share price of 3.5c.
I am guessing their is an obvious big seller around whom is constantly offloading his shares at these absurd low prices and just wants out. I am again guessing he has been around for many many months judging by the constant selling.
If so i would have thought that with the thai deal and now the malaysian and new GSSM deal today buyers would be jumping out of their skin to take out the sellers stake. This seems a huge opportunity for a obvious big mikoh stake at this rock bottom price.
Surely Mikohs corporate advisers are on the phones daily chasing some big Aust, US , Malaysian or Thailand wealthy individuals or companies to take the lingering seller out.
I just cant understand why the Mikoh phones are not ringing of the hook with buyers whom want to buy the ongoing sellers shares based on the 3 recent announcements.
Why is their very little constant on market buying and why have the shares not moved at all after these 3 very positive deals.
Why have Mikohs corporate advisers not found a buyer if their is an ongoing seller if as it seems all the above is the real deal.
Why have Mikoh given themselves 2 months to raise a paltry $1.5 mill cap raising if the story is so good. The corporate team should get knocked over in the rush. Why does the cap raising have a free 1 for 2 option at 5c a share attached if we have a current valuation report of around 20c a share.
So many questions unanswered whilst operationally it seems the company is powering alone.
I am baffled. The company looks as if it is performing a major positive turnaround yet either nobody has noticed or believes it as the share price is still at all time lows.
all the above is only my opinion and judging by the share price perhaps i am way of the mark with my positive feel for the company.
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