they did raise about $165,000 from some bozo's who bought into the spp.
In regards to their cash position they usually lose between $400,000 to $800,000 per qtr but have a bit over $500,000 in the bank. With the spp plus a little bit of borrowing their will be no problem in the company keeping the business going in the short term.
I will be very interested in the sales for this qtr though, if they do go cash positive it should rocket past 10c.
I am tempted to gamble at the current SP of 6c. It is a gamble but the SP may move just on the basis of expectations on the next qtr report due 30/1/04.
The lastest announcement from the company is at least a positive as well.
MDM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
