In my opinion Bruce Higgins as Chairman is a major plus for the company. He comes with proven experience that should allow the company to grow the HUB24 platform and realise the intinsic value of the technology.
When I read that the BT Wrap platform is being upgraded with a $400m plus budget it makes HUB24 with an EV of 4 to 5m and a reducing cash burn look like an absolute bargain in my opinion.
O Buttula , who is one of the best in spotting good technology (he spotted and purchased HUB24)in my opinion, probably had better ways to enjoy the fortune he made in selling IWL and left INQ. This though has opened up a huge opportunity for new investors to join the register in my opinion at a knock down price with a new board who have an equally good pedigree as the previous Board.
INQ Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held