seems like the buyers returned late friday. over 3 million traded and buyers kept returning regularly.
with the big players happy to take the recent placement at 6c one would guess that anything around or below is a great buy for those with patience.
still 2 weeks of tax loss selling to come however it looks like the better informed are starting to soak this up around these levels judging by the increased volume.
with a new ceo, 2 new directors, recent placement raising a few $$$ , microsoft as a partner, first rate product which has already established reputable sales -N.Z schools and Tas govt and tenders pending for some much bigger contracts it seems that as the mxl board has mentioned many many times ( I suggest holders re read the last chairman,ceo report now many months old but still relevant) the future is still very exciting however the time frame in achieving these milestones is out of the companies control.
frustrating for all however patience will hopefully one day be rewarded for those that decide to stick around and wait.
MXL
mxl limited.
