Monitise – even researcher for hire Edison slashes forecasts as it worries about costs of sales

The headline on Edison’s note on Monitise (MONI) out today is bullish “FY 2014 Growth on Track” but then Edison is paid to write this note. Prostitutes do not tell their clients that they had bad breath and a small dick. Read the text and massive cuts to forecasts for the real story. Sorry Monitise but size (of your cashburn) and tumbling forecasts, does matter. 

 To enormous abuse from Bulletin Board morons I have expressed my own concerns about Monitise recently HERE

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