re: big deal with telstra
They NEED to land some contacts soon.
I just had a quick look at the numbers on the quaterly report and they do not look very healthy. Sales are up 15k, but still bugger all and they are just surviving on the share issues. Not good.
Nor is it a good sign to extend the end date of the issue. It will be undersubscribed and they'll have to get the $ from the backer and that'll cost more...not good either.
I think wee will see this come back down to 7-8c before it goes up again.
For me it's a bottom drawer stock, and as it's only worth ~$4k so I'll just leave it there and see. No biggie.
MIK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
