market still seems somewhat suspicious of MVH going forward or surely it would not have fallen back to these levels?
sure it had a stellar run, but i would have thought the .10 level would have been defended ... still, not many sold under that thus far.
ultimately the traders and stale holders are being weeded out and longer term we should find support above the most recent high.
would really hope management have some strong revenue figures and new deals ready to go come the agm ... would be good to put the rights issue overhang to bed with a thumping announcement (or three) that establishes the motopia brandname as a company going places (as another thread header said) ... are there plans for investor roadshows and the like?
with so few free floating shares on issue i can see MVH sitting pretty with a PE of 15-20 ... if mvh could drag itself to a market cap that puts the ops in the money then that will go a long way to preventing further dilution, except perhaps for the odd bolt on aquisiton that adds value.
how much longer is it going to stay this quiet?
MVH Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
