Pecora, Great stuff and thanks for sharing it with us. The announcement hasn't filled me with joy. I wasn't impressed by another change in a key date but they have started the review of Directors which is a big plus and not before time. I await on the outcome of this excersize with baited breath as it is another important task in turning NMS around.
On the surface MCQ appear to be a very small solid company and have been around for some time and this suggests capable management. It isn't unusual in Asia for comapnies to have strong family ties. Whilst a $10m investment appears to be a large sum to us it is really only petty cash especially in asia which has some very wealthy individuals and families. I wonder if their investment has some ulterior motive.
NMS Price at posting:
8.4¢ Sentiment: LT Buy Disclosure: Held