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mxs ... anyone following?

  1. Exellent news today regarding the renewal of a major contract.

    This was their primary source of income and the fear of it not being renewed has seen their share price in constant decline since re-listing.

    They are currently operating profitably, are disposing of the loss making heartland communications, have made a strategic aquisition (Senteq Information Systems), have just completed two "lucrative contracts on time & to budget" and are in the process of diversifying and expanding their client base...just in case the major contract wasn't renewed.

    Well now it has been renewed!

    Q1 they posted a $709k profit and it would appear from
    their announcements that they will be posting another one for Q2...it would appear that they may have turned the corner.

    Just one problem...someone is offloading heaps of shares today! Why?

    Could they know something we don't?

    Maybe it's some of the previous creditors who were paid out in shares at 2.0 cps getting their money back?

    Maybe they are left-overs from the capital raising at 2.0 cps?

    Maybe they are mad?

    The fact is that the only real concern about the future viability of the company seems to have been removed with today announcement. In addition they appear to be operating at a profit and are still only capitalised at $9m. Will be looking forward to the Q2 report!

    I would suggest that after the seller has finished we might see a nice little run.

    Cheers!

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