Time to think...6 Oct 2018 12:07
It's understandable but perhaps a mistake to be cynical about the timing of the RNS... Landing precisely on the bell on a Friday was obviously deliberate but it seems entirely plausible that this was done to allow time to digest the contents and put them in perspective (massive growth and the imminent release of Mobile Money) hence mitigating a typical AIM knee-jerk emotion-driven over-reaction.
Any SP is purely sentiment driven & rarely reflects the underlying true value of a company (whether high or low) at any given point in time... AIM investors are typically impatient for unrealistic quick returns, however in business genuine progress takes time. Prioritising market share over profit in the early days is a well proven business model, particularly in tech, and MYSQ have achieved phenomenal growth in a very short timescale. Furthermore, they have proved to be highly innovative and consistently successful in implementation, yet the share price has been incredibly volatile and is currently depressed despite the imminent release of Mobile Money. There is no doubt that pessimism escalates disproportionately once it has set in, but negative sentiment can turn in an instant. MYSQ is on the verge of releasing something that should have very significant impact on the underlying value of the business and, however fickle investors might be, there is no doubt this will be reflected in the share price on release. (if past performance is anything to go by it could literally multi-bag in a day!).
Regardless of how this plays out first thing Monday morning, I believe there will likely be far more buyers than sellers - particularly after people have had a weekend to think about it!
IMHO, DYOR, GLA etc etc
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