Clancy,
I read the following statement from the Investor Relations reply to herbie (refer to herbie's post #15140).
"One of the key learnings to come out of our recent activity is that the sales process is slightly longer than initially perceived. As predicted sales were reported before they were actually closed, this is having a knock-on effect."
This brings me to suspect that MDFY may have also been reporting many other things before they are really concluded. There are many examples that can be cited, like the e-learning business, business in Italy, etc, etc.
Since there is no evidence that the V2V acquisition has indeed been closed conclusively, I suspect this may be another case of "advance reporting", just like, "predicted sales were reported before they were actually closed."
I hope this V2V acquisition really turns out to be a MDFY acquisition, and not someone's else's acquisition.
I fear this may turn out to be an INTEGRITY issue, either as a questionable reporting issue, or worse still, as a questionable acquisition issue.
I think INTEGRITY may have been the biggest question with this company. I hope the VALUES of the new people that have joined MDFY more recently have INTEGRITY as the highest priority.
I am only expressing my fears based on the past experiences from MDFY. I hope my fears will be wrong.
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