Once Microforum progresses with acquisitions, contracts, new software releases, etc, and generates increased revenues as a result, I don't think anyone will even remember this 3.1 million dilution. It's ironic that a dilution is often inevitable in order to raise money for further growth (which gives us a higher valued stock) but most everyone hates when it happens. Bid.com did the very same thing just before their move to the TSE, raising about 9 million dollars BUT diluting their stocks. They have come a long way since then with some major profits being taken in the short term.
I bought more MCF at 7.00 and placed an order to buy at 6.50. That's the last of my accumulation stage. Incidentally, the MCF stock that I purchased at 10.30 after the last halt, I sold at 8.90 on a stop loss. a little risky, but most definitely a wise move. I've decreased the downside on my investment by a substantial amount and have positioned myself for increased earnings.
I won't be able to purchase any more after my buy at 6.50 (if it goes through) and I seriously wonder whether it will drop low enough to make me regret not having more to invest in this particular company. I've seen PP's go through in the past that ended up being over valued compared to the price of the stock. Shit happens. There are so many factors involved: timing, fundamentals, market trends, analyst/investor perspectives, etc, etc. I don't see MCF as a company that's about to head back down to where they came. I believe the timing is right, the fundamentals are good, the market trend (although volatile) is favorable, and the overall analyst/investor perspectives are very positive.
I would be very, very surprised if this stock isn't up there with the Amazons of the world in the next 12 to 18 months. Just my opinion of course.
All the Best
Marty |
