Oh yeah.. the interest is starting to get peaked at these prices.
The way I figure it is that the float is pretty much tied up between us and the US angel investors. The mmkrs know this and are doing what they can to shake out any remaining weak hands as well as build volume.
The fundamentals of this company are 180 degrees from what they were last year. MSU now has a major manufacturer that has whatever capacity that is required (although at a probable cost premium when compared to overseas facilities such as Shanghai Thakral).
And one other point to be aware of. Companies like FLEX don't do business with small fry unless they both confident that the product they manufacture will actually sell (that way they get paid for making them), and the company has the requisite assets necessary to provide surety against a letter of credit. That would likely be in the neighborhood of $5-10 million held in escrow, YET STILL COUNTED as a corporate asset for listing purposes.
The paperwork is all filled out.. all they need is the $4/share stock price.
Personally, I would like them to also re-incorporate in Delaware or somewhere other than Florida. The company they reverse merger into back in 1995 was incorporated in FL, and I think that needs to be changed.
6-12 months should see double digits. Especially if the rumours are true that all of their current production is spoken for through Xmas.
Look for a break even earnings picture at the end of the current quarter, and the 2nd quarter finally showing this company transitioning from $40 million in accumulated losses over the years, to its first major quarter of profitability.
Btw, JadooNet is working with Samsung, building the box there with Samsung's name on it, but "Web2u Inside" logo on its face. They are not talking small numbers over there. Jadoo apparently believes they can build and sell millions of boxes over there in India, with each box netting MSU a nice royalty fee per box.
Regards,
Ron |
