I am struggling to see the attraction with MA with a deficit net cash position (once taking convertible notes in to consideration)
Yes they have goodwill and stock and positive quartely as per last quarterly, though I can not see any attarction for M&A, you normally require cash of a min. $1m.
Yes, it has substantial capital losses as do many companies of this size.
Clearly with the recent renogation of the convertible they have good suuporters (including current management) unless they can increase sales thus profitability substantially ($2m+) the market will contine to yawn.
Cheers
Clever1
WRR Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held