This has got to be a concern to management. The current share price lends itself to being a very tidy takeover target if management cannot swing investor sentiment. I mean a very cheap steal for a major player to grab this social media up and comer, full of potential for literally a steal at say $500m.
I am sure that most current shareholders would take a decent offer if presented and the management team would really have no further say in it and lose control of their cash cow.
I do hope this all falls back into place and we continue with solid increases in MAU and revenues. Spending definitely needs to be looked at.
MIG Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
