The $0.006 placement was teeny 25M but yes for what $150K - looked like a token on the edge of Deals Direct - and yes EV but that's very easy out to come to 0.006 based on the price and with no consideration to possible Deals Direct move - The thing you have to look at is the registry & the very few of that substantial base if any looking to sell into the volume & higher price. Top 4 Shareholders have over 50% of the company with Yahoo!, Telstra, Alcatel & CVC & the Top 20 have over 80% of the company - that leaves very little free float - you then need to look at how Deals Direct potentially works in with these & the ownership structure of Deals Direct as it stands. It's also worth noting that CVC sitting at 4 on the registry and a sub holder also has MNZ's director & CFO on board. Basically the big question comes down to how Deals Direct MNZ action will materialize if it's completed - likely reverse takeover ? - the one thing that I think that can be guaranteed based on how the registry is weighted is whichever way this deals plays it will be likely be very lucrative for MNZ shareholders - with the very limited amount of available stock seeing market I think that's a pretty big confirmation that there is much bigger things to come.
Always a degree of risk but that's the market & I think at the moment this is looking very positive into the near future.
GL to all
MNZ Price at posting:
$7.00 Sentiment: None Disclosure: Held