Market's view on Mindflair
Published on April 2024
- Stock watcher expressed disappointment in MFAI as a disastrous investment but retains hope for improvement over a two-year perspective.
- Concerns were raised about a lack of confidence in the company’s strategy and skepticism regarding the true asset value, as indicated by the current share price.
- Doubts were expressed about the company’s use of funds from placing, suspecting not all are allocated for wages.
- Resignation of key directors from Emergent Entertainment prior to its approach to voluntary liquidation was highlighted as significant.
- Despite management efforts to reduce costs, there are concerns over the speculative nature of investments in early-stage ventures.
- Frustration was noted with a perceived pattern of companies disappointing shareholders, particularly around financial raisings during the festive season.
- Criticism was directed at the company for preparing a financial placement while suggesting there was no need for further fundraising.
- Certain business practices were likened to Ponzi schemes, reflecting deep mistrust.
- Positive comments were made about the completion of portfolio construction and the ongoing interest from potential acquirers, suggesting some potential for future gains.