I don't know, its been a bit depressing lately. I can't help but think most who want to or decided to sell on the drop have, hence lower volumes. Could be IIs still building holdings. Good news on talks with interested parties and it could shoot up. Anyone's guess really !
What is your prediction for price action on Monday?
RE: over bought / over sold
Thanks. There are always positives and negatives. I do tend to be more optimistic than pessimistic as I simply don't stay in shares once I stop believing in them or if I think there is good reasons to step out, albeit I often wish I hadn't. I like moni, revenues are clearly the issue but that seems offset by big companies willing to provide funding. Mobile banking I believe will be big and see this as a medium term hold albeit I think its currently priced to fail and with the backing we have and over 100 million gross cash is unlikely. ATB.
RE: over bought / over sold
Excellent well thought out post there from the rather optimistic sharehead. I also see a new listing as a possibility, NASDAQ? I don't see Moni going it alone, it would require existing partners to support Moni when they only recently coughed up 50 million only to see Moni go south. Like us, they must feel misled, so they may take some persuading to throw more money down what looks like a drain. However, they are already in it, just as we are, and so may see salvaging Moni as preferable to losing their original investment. Furthermore, there are hints of this possibility in recent BoD statements. If it comes to fruition I would like to see a new board made up with representatives from MasterCard, Santander, IBM etc. This way we get some professionals running the business whilst avoiding getting bought out with our shares sold for peanuts. This would also restore much lost credibility with the Markets. On the other hand, IBM may already have extracted what they wanted from Moni and nobody needs us anymore... hasta la vista. Opinions invited.
Super Bowl Sunday Go SEAHAWKS
This is clip is from last year, but watch for the Seahawk in Arizona.. Go 12th Man https://www.youtube.com/watch?v=trLM25aUaWY https://www.youtube.com/watch?v=LewpTI35reM Picture where this guy is standing https://www.youtube.com/watch?v=Pvctj5MsUeU
Cooperman sure doesn't mind sharing
his thoughts. Maybe we'll hear more from him. I especially like the last link below. Wonder if he was audited by the IRS after it came out. :)) Both written several years ago, http://www.fool.com/investing/general/2013/07/21/listen-to-this-billionaire-on-these-2-stocks.aspx http://www.businessinsider.com/here-is-the-full-text-of-leon-coopermans-letter-to-president-obama-2012-10
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