Frank, either MGX will come out with some miserable news or else they will come out with a blinder that will rocket the shareprice. It can't stay at these levels for that long based on the news that is available to the market.
So either- an announcement will confirm the worst and why it's at these levels or else one will convince the market that it should be at a much higher level.
MGX had a lot of instos on the register and they've been selling out of everything I suppose and their news from China just served to speed things up. It was an extremely poor announcement in that it was released before they had even progressed negotiations with their customers. MGX didn't even know themselves what will happen yet they still released the announcement at the worst probable time. It was like the SDL merger all over again, one big ballsup!
Hopefully one of their customers might want to buy it now!!!
GBG Price at posting:
40.4¢ Sentiment: None Disclosure: Held
