Its in the activities report 3rd point "Rights Issue shortfall placement has been fully subscribed"
Gentlemen the writing is on the wall, now is not the time to be sleeping.
Lets just have a look at whats happened recently!
We have a reseller agreement with Telstra
Plenty of cash in the till
Shortfall taken up
Break even by march
Growing revenues
"Go to market execution" that will bring us new revenues in the short term
Directors buying shares on market
Its been a busy last couple of months for the company and based on the revenue forecast comments in the last annual report it looks like there is a lot in the pipline that we will see before the end of the FY, as i said the writing is on the wall MOT will be a real winner in 2018!!
MOT Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held