I bought a few @ $1.35 & will buy more if they fall towards...

I bought a few @ $1.35 & will buy more if they fall towards $1.

You summed it up pretty well above with your comments. This is a growing industry in which they operate. The stock is not expensive based on profitability even at this price.

Also, you have to buy an IPO that isn't a private equity flog job, advertised everywhere, and where they use the owners use the IPO sell ALL their shares. i.e.) Kathmandu and Myer recently.

MCE on the other hand used the proceeds of the IPO to INVEST back in the business and the major shareholders DID NOT SELL.

If you compare Kathmandu, Myer and Matrix share price a week after listing - you can tell by the share price premium which the better stock is.

Good story MCE for future growth IMO.