Not sure about anyone else but i thought the share price would jump yesterday. Do we think this is due to the general market conditions or the fact that people do not want to go to high due to the share rights issue being at 6.5 cents?
Surely the 2moro mobile deal should impact the share price as they are a another profitable company and they seem to me to perfectly complement the whole Motopia strategy going forwards.
Or maybe the market is just being slow to realise the potential as there has been so much MVH news pumped out of late? If you consider they got to 15.5 cents a couple of weeks ago and since then have announced a successful rights issue capital raise and the aquisition of another profitable company then IMO they should be well passed that 15.5 cents mark now.
Thoughts? Mobi1
MVH Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
