One to tuck away and hold. Directors will get their options in the money very easily come next year(perhaps even this year!!!!). One qtr of director fees spent on market is enough to send MNF up to 35c imo. That will put a 10c price tag on the options. Hence the directors will become multi-millionaires on paper by spending 80K tops which will be funded via director fees imo. Theyll bring in an insto/company to provide on market support around these levels imo for some added cream no doubt.
The company will be making profit, shareholders will enjoy the ride, banks will love the directors, and they should have some decent cash if they need funding for something down the track.
Remember this Company has no debt!
Hence picking up MNF/MNFO at these levels is perhaps the easiest return on investment at the smaller end of the market.
Cheers, The Sparkler
MNF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held