I was totally expecting this to happen still shocked and very disappointed. I don't get the SP reaction to this extent, we all thought this might happen. Guidance was a big fat lie.
A less than $50 million company with still a positive earnings business and should have $12M cash in bank.
'MBE estimates FY cash at bank as at 30 June 2017 will improve to $12M, (from $8M), sufficiently funding current operations'
MBE Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held