Charting MAN, page-87

Let's post some facts about this stock.

In 2011 the shares were effectively trading at $3.00 per share.

They are now 4 cents.

So for every $3,000 someone invested in 2011, may now be worth $40

What a great track record this company has.

Now let's keep in mind the multi millions of shares that were issued in this woofer of a company as they continued to run out of cash.
All those capital raises.

Let's not forget also the consolidation of shares and this still has over a massive 550,000,000 shares on issue.

Just imagine the volume of shares on issue if they hadn't been consolidated, just imagine.

That means every time they get cash, and look at all those capital raises they have done, they burn the cash, raise again, burn the cash and raise again.

I wish the directors all the best, but IMO they have done nothing to add value to this company accept of course we raise cash then burn it then consolidate shares.

$3.00 to 4 cents says it all.

In 11 years - little to show but a 4 cent share.

You don't value a business by how much cash it's got, as it will burn that cash, raise more issue more shares so shareholders value becomes less.

The proof is in the history, you can't argue with facts $3.00 to 4 cents.

Anyway I wish the directors all the best, considering this stock has wiped out so much investor value from $3.00 to 4 cents.

All the best to holders too.

This is all in my opinion.

Did I mention good luck to holders.