My broker spoke to me about taking a small punt in MIK.He sid...

My broker spoke to me about taking a small punt in MIK.

He sid that there is potential for a good growth story but from reading their announcements I am not so sure.

The contract with the Thailand government seems vague. They did not talk about margins, when they shall start delivering and when would the cash flows start coming in. I cannot even research if Mikoh has th infrastructure and facilities to sell these so called $millions contracts.

All these MOUs from my experience are nothing substantial.

All the management changes recently but no proper guidance backed with solid numbers.

The recent placement just raked in $564,000 indicates to me that there is not much interest in the story.

I am happy to hear others opionion either positive or negative.

My broker forward me the research reports from Arowhead and Alpha Securities but reading both reports ... seems that these brokers are "guessing under the most optimitic circumstance".