Recently someone on this forum (perhaps on this thread) said...

Recently someone on this forum (perhaps on this thread) said they would buy around $11 and they were ridiculed. I think the SP touched down to the $11 + change region recently.

The movements of the MP1 share price look (only in my opinion) like some of the larger position holders are
slowly draining off some stock whilst a bunch of smaller (probably mostly retail) holders are nibbling away on the buy side. I’m not trying to be the oracle here, have just been observing a fairly steady downward drift, punctuated by the odd nicely green day to keep punters interested, and most announcements are sold into.

The issue is sales/revenue growth as discussed already on this thread. Everyone will have their own take on the situation but I noted one thing in the 4C that I don’t think anyone has mentioned:

Revenue for the Qtr was about $18 mill. There was about an additional $7 mill collected (likely late/overdue whatever) to give an overall CFP position of just under $1 mill. My point: MP1 still need about another $7 million of revenue per quarter (about 40% growth) to achieve earnings.

Management are generally pretty good at delivering on stated objectives & timelines, but if MRR is growing at 8%-10% p/q it’s really difficult to see how they can deliver earnings by June.