RE: Moan Moan and Moan7 Jul 2020 12:05
Horse.
The SP is reflecting volume demand. The SP does not reflect 'speculation'.
The company as yet has not started to focus on revenue streams. There was clearly identification of this in the last RNS. But please note, most (if not all, myself included) are here not for incremental steps up in the SP. We're here for the grand prize, the buyout, the acquisition of Melody being absorbed into one of the larger company's.
Should the company start focusing on revenue, the SP will reflect this. But the company is largely has been developed for the sale IMO. Melody have done really well since inception IMO. The spike IMO was not reflective of value (at that time) and was simply reflective of the investor demand of the stock... based on speculation. Didn't happen, general PI interest dropped and here we are.
Nobody has any idea of the talks behind the scenes. A buyout announcement could happen today, tomorrow, next week, 6 months time, 2 years??? Who knows. But we can fairly confident it WILL happen.
Melody are not going to 'sink'. Far too much commercial interest and value.
'Patience' is a critical requisite when investing in MVR.