balance sheet and cashflow analysis, page-8

Have been watching MBE since the 26/March's

'successful completion of a $11.75 million capital raising by way of placement predominantly to prominent Australian and International institutional investors (Placement),

at 26c.

http://www.asx.com.au/asxpdf/20140326/pdf/42nmby68tfgr0t.pdf

Perenial and other instos, who bought in at 26c to 20c in the last few weeks, must have done their DD, very thoroughly.

Latest Investor presentation give me confidence new CEO Thorpedo knows his target market and has big ambition for MBE.

A single buyer (i think) took out 450,000 shares today
20.5 53,188
20.5 250,000
20.5 146,812


Bought a few more last few days.

Dyor.