RE: End of hibernation?4 May 2024 11:14
In my defence, my comments relate to RNS releases, outlook, cash flows etc; giving a "positive spin" to these should not be a crime IMO as, being a shareholder, one is expected to be positively biased (and dare I say, optimistic);
I understand the guys slugging off GJB, NB etc but it's caveat emptor; you buy a high risk AIM stock, you know the risks to your capital, IMO.
NB relied on his mate GJB and got wiped out (previous stake in MSYS), so maybe this time he'll be more diligent?
Bob Moore now owns 5%, Nick Slater another 5% and 2 funds another 15%; so, 25% of MSYS is owned by professional investors, 2 of which being insiders (skin in the game?).
Co has a captive market for reagents, from previously installed CTM units of MWater; US and EU law make PFAs testing compuslory etc; all these are positives for the business (not a "spin"); the past should guide us to be careful BUT NOT blind, IMO.
In summary, MSYS has a great future IF Management is genuinely interested in building the business and NOT being crooks; time will tell.
Good luck to long term, genuine, holders.