esn & mkb - a comparative analysis, page-230

Hi B.. & O.. thanks for your replies, the figures I posted are from Comsec and Hotcopper as stated and dated, they are not mine, we might have to take it up with them.

So who do we believe/trust? (MKB MC on 27-Jan)
BorrisMcNorris MC = $150m (25-Jan)
Odyssey99 MC = $142M (27-Jan)
Hotcooper MC = $118.6M (26-Jan)
Comsec MC = $111M (26-Jan)

Odyssey99, you missed the point and now you have done the same thing.
Note – For the point I am making fully diluted is not relevant.

You posted this on 27-Jan “MKB have 472m shares on issue @ 30c that gives a MC = $142m”
At the close of trade on Friday 24-Jan MKB are at $00.23 therefore 472m (your figure) by $00.23 = $108.56m MC, big difference. $00.30 per share is 2 weeks old.

Does MKB have C. notes or options or what? I cannot be bothered finding out.

The balance of your post is fair comment.

BorrisMcNorris, you rounded it down by 17 million (approx.) shares, sure you did, how often do you round down/up by such large percentages?

I, as far as I can remember I have never asked you to do ESN’s MC on fully diluted. I did question the total amount of new shares that could be issued from the notes.
No one can categorically say how many shares could result from the CN’s or attached options if they are converted, maybe the holders could, so why would you bother using them in MC calcs, you have no idea how many notes will be converted and options taken up or do you? You even stated once that you think the co. will buy them back from future revenue.

Try working out how many shares and options can be converted from all or some of issue 1 - 80% of a 10 day VWAP of say 00.1 to 00.5c then work out how many shares would result from all or some of issue 2 notes/options being converted at 80% of a 10 day VWAP of say .7 or .9c thru to 2c because anything is possible, then again the holders might not convert any more and the co. ends up with large notes to pay and maybe no money, who knows? This stuff is all hypothetical.
So can you say how many will be converted? Hope your answer in no, if so why use them in your calculations?

The rest is fair comment.

I read something in -
http://mokosocialmedia.com/wp-content/uploads/2014/01/20140120_MKB_Euroz_Research.pdf

“Commercialisation risk – the number of active users will likely determine the
commerciality of the apps. Initial user rates will be reported as part of the pilot
phase for REC*IT, expected in Jun Q14.”

Further advance than ESN …….. expected in June Q14

On Australia day the damn Learjet wouldn’t start so didn’t do much.

Not stirring, not bickering, just learning as I hope others are.

BTW BM, I like the new demeanour.