The other positive is that institutions put in $12m in March, with the intention that those funds would be deployed for a "strategic acquisition".
There may be an element in recent selling of some of the investors losing patience after 8 months of no acquisitions, and the money just sitting in a TD earning bugger all interest.
This is a chance for MBE to make better use of those funds, to substantially increase MBE's return on equity.
The other side of this, is that it has been a long wait - pressure is on MBE to deliver a quality acquisition worth the wait.
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