From what looking at the last few weeks, this latest sell down appears to have come from 1 group of entities. Very large shareholding but got into trouble and needed cash. They dragged some smaller share holders along with them and here we are.
The facts around the business are the same, the big kicker hasn't started and already numbers are looking great.
Asia, China,India and the countries due for 2018 releases were in talks with MSM 12 months ago wanting the APP to come there way. With this in mind these talks would have been subject to the successful release of the app.
This has now been done, its working to a very high level and ready to go anywhere.
Its my opinion these talks are now well advanced and i would think the next next 3-4 weeks will provide a map to not Megastar but a clear map to 2018 and massive upside for all shareholders.
The coming weeks will confirm its making money, amassing huge downloads, and exceeding targets.
Patience is the key.
MSM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
