MBP metabolic pharmaceuticals limited

Hi jevalent, what I am saying is that the current condition of...

  1. 174 Posts.
    Hi jevalent, what I am saying is that the current condition of the market is not lending itself to SP increases without substantiated income.
    Any company can have contracts, but the contracts have to be fulfilled and cash has to be in the bank.
    I am involved in a stock that is in a similar situation to MBP. The SP has not moved even after significant announcements. Why; because they have not converted it to profit and continuous income.
    One of the announcements they made involved the Latvian police ordering the product. Last night the Latvian government announced it was taking over their major bank because of the credit crisis.
    2-3 weeks ago, I proposed a scenario for discussion asking if the credit crisis could affect buyers of products ability to pay for goods. I was almost crucified for making such an absurd suggestion.
    Until the money is in the bank and the product is being used continuously, the SP will stay where it is at, give or take a small spike.

    My opinion only.
    Cheers, TC
 
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