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in addition - have you already forgotten that microequities have...

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funkman

3,053 Posts.

145

07/09/16

12:58

Post #: 18991539
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Originally posted by smallish ↑

showing optimism there Fman. To me it shows they were not ready for life on the ASX. They will struggle to win support from investors for some time i suggest. The dividend is just a ploy to get people to look ahead. This is a tiny company and they should be reinvesting not paying out dividends, especially when as evidenced by this announcement they seem to have issues with working capital and expenses. If they are to make headway they need to find some chunky acquisitions on the east coast and be prepared to raise equity. The Vendors of the original business to me seem like they might not have the wherewithal to do this and are more focused on trying not to be diluted. Imaging if the guy that ran Vocus Communications took this approach, he'd still be mucking around with a $50m company and not the $4.6billion it actually now is.

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in addition - have you already forgotten that microequities have been buying a heap of shares lately. They are an immensely shrewd mob I can tell you.

MSG Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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