Company has been dog for a number of years but looked to be finally picking itself up. The loss of some business from HKJC is undoubtedly negative but not a killer for the company. The proposed acquisiton did not eventuate as they predicted which undermines confidence in management when they state strongly something is likely to occur.
Still, the company seems to be profitable on an ongoing basis now and some very profitable developments could be happening in Asia.
Any thoughts from followers of the stock, share price has been decimated of late. Not in but considering.
MPI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
