Drew didnt know you posted here too. Have you read the ann, you were saying that you think the Pennytel acquisition was paid in cash and that a share placement was only a rumor. Refer to my post at TS after looking at the Prelim report I dont see how they would pay cash for the pennytel acquisitions, they only had $883 740 in cash and that was a month ago, and for an investment that is going to bring $15000000 per year, I doubt they (pennytel) would be selling for anywhere near $883 740. Unless Ive misinterpreted something, I would be expecting a huge share placement to be announced. The finances are there for people to look at do your own research and look at the figures with no emotion about the company and then explain what possible method they would have to finance the acquisition. This ann was more or less confirmation for me of a share placement, which is not good news at all, interested to see what happens to sp now. I wouldnt be surprised to see it go up however as people can be easily manipulated from the sentiment from sites like this and figures like 1384% rise in profit, which when profit was so low last year really is not a good measure at all. (Equivalent of saying I earnt 75000% more than I did last year, sounds impressive but is not really when I say I earned $0.02 last year, so this year its $15 dollars!lol) But as always people dont really look into these figures and might just buy based on %'s and sentiment around the stock.. only time will tell, hope noone gets trapped when they release info of a share placement (totally my opinion only)
MCL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
