Wednesday, February 5, 2014
What Happened to Monitise?
Usually when Monitise dilutes the shares fall and in the previous article I hinted that this might be a good time to buy in. Unfortunately what appears to have happened is that Monitise has passed the worry stage of small companies (i.e. the acquisition may bring them down) and now acquisitions are seen less as diluting and more as market growth. The shares in fact have risen on the news to over 70p. I will still wait and see but unless they drop as part of some bigger picture 70p might be cheap.