I posted earlier today on MUL congratulating those who traded this one up. I then asked who was smart enough not to hold over the weekend, not one reply. I have seen it before and I just hope for all those here that have held that you have a chance to bail before it all falls apart on you.
I am not down - ramping or even criticising MUL, the stock has been traded through the roof and for everyone that makes a $ on a stock that is worth 1/8 of what it is trading at, someone has to lose a $....
Even if all goes well, these guys are not worth $100M odd dollars. It will take them 10 years to make that sort of profit and how long is their licence for. How long before the techonology is superseeded. Currently we have something like 7 Terabyte transfer rates in the laboratory and this will be available within 2 years tops.
This will not be an issue though, MUL will raise about another $10M from the 'investors', then the directors will be doing fine.
Be very very very careful and good luck if you decide to hold.
MUL
multiemedia limited
mul haters have no idea!!!, page-5
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