0.1p is ridiculous4 Oct 2018 11:35
MDZ came to market in 2005 and raised £2m at 50p, yes 50p or 500 times the amount they now trade at.
Here is the admission document for you all to see:
www.mediazest.com/resources/corporate/261011admission.pdf
On admission MDZ were capped at £7.5m.
MDZ have never made a profit, until now !
So is it fair to assume that MDZ should be capped at at least £7.5m now ? I won’t give a target of 50p even though the shares have traded there before but a £7.5m market cap would equate to a share price of around 0.6p right now.
One thing is a £1.2m market cap for a company making a profit is just silly.
Nai/DYOR