Honestly these types of companies really should not be allowed to be listed on the asx .History has to be enough warning imo.Look at the dilution here.consolidate the capital and it is minus 50% over night imo.
MLS is not the only thing like this, i can mention a dozen just off the top of my head that will be lucky to be around in a year.
MLS, AYR,QGL, CHK, LCY, NVA, AAJ, RMG, PNN,ECT, 88E, SI6, E2E,MHC, NVO,MAY, PSM, and that is more than a dozen just for starters...In fact i could easily mention 50.
No wonder this sector has turned into a cowboy sideshow.
drifta
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