One other thing which I forgot to meantion and I think quiet important is the company's Top 20.
I noticed that for the past year they have not updated their top 20...
Mid 2005 they made the announcement of raising 40mill via international private placement. However never released to who it was... So I called MIS and by "accident" got a copy of thier top 20....
66% and mostly banks.
(that means 100mill shares are in their top 20!!)
If you thought MGX has bad PR skills then MIS tops it!
Crap web site and high school like presentations...but profits & growth are whats i guess.
MIS
midwest corporation limited
unconditional sinosteel contract, page-4
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