- Joined
- 17 June 2004
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Re: MUL holders: Are you taking up the new share offer?
Once this is done, we'll have the AGM on Monday and then the stock is ready to move. I remain bullish as far as the next 6 months are concerned. If these guys can stick to what they said in their forecast, then the share price will seriously increase in early 2005. They just need to proof that they can stick to what they said. I try to read between the lines:
Another thing is the option plan for directors. They seem to be pretty sure they'll reach the target by proposing that the minimum net profit after tax has to be 11.6 million before directors are entitled to cash in on this plan. They'll only get the full monty if they can top 18.9 million which therefore must be something they consider as reasonable (Keeping in mind that these guys are never shy to profit as much as possible with all the options and shares they usually give away to themselves). Well, just thinking. After all I still believe that this company can take the corner and reward me with a nice windfall in 2005.
Happy trading
Stefan
PS: As usual, be aware that I'm holding a substantial amount of shares in MUL.
Maybe you're right about the 3.5 cents but at the moment it can't go higher as long as people can sell and then buy back at 3cents. Now of course not everybody is doing it (me for example) but at 3.5 the wall seems pretty impressive. As far management is concerned, there is only so much they can do. Anyway, the SPP is closing tomorrow so today is pretty much the last chance to sell your shares if you plan to profit from the discounted rate.
Once this is done, we'll have the AGM on Monday and then the stock is ready to move. I remain bullish as far as the next 6 months are concerned. If these guys can stick to what they said in their forecast, then the share price will seriously increase in early 2005. They just need to proof that they can stick to what they said. I try to read between the lines:
So does that mean that any new contract will be adding recurring revenues ON TOP of what they had in their forecast? That would be excellent news.A.Ballantine MUL CEO said:
Another thing is the option plan for directors. They seem to be pretty sure they'll reach the target by proposing that the minimum net profit after tax has to be 11.6 million before directors are entitled to cash in on this plan. They'll only get the full monty if they can top 18.9 million which therefore must be something they consider as reasonable (Keeping in mind that these guys are never shy to profit as much as possible with all the options and shares they usually give away to themselves). Well, just thinking. After all I still believe that this company can take the corner and reward me with a nice windfall in 2005.
Happy trading
Stefan
PS: As usual, be aware that I'm holding a substantial amount of shares in MUL.