Lumberjack, it's a really tough call. I bought from 40 down to 6 to average 23. Once they reopen I reckon it will drop first because we are still just 'adding new partners' and we all know how 'adding new partners' has gone before. There will be holders who are just 'over it' and will go regardless of any perceived potential upside and that will pull the SP down in the first instance.
Reading what's been released to the market, and listening to my broker, it seems that there isn't any real likelihood of meaningful income numbers until the December quarter. The market doesn't like this stock, for good reason, so once again, until they SHOW US THE MONEY, it's hard to see it moving upwards. Everyone has been disappointed so many times and for so long the only thing that is going to make a difference is real, actual, in the bank $$$$$$$ - and lots of them.
The way I see it we need a miracle for it stay afloat and another huge miracle for it to get back past your half way point of 17 cents. There's nearly a billion shares out there so at 17 cents that's a $170 million dollar business. If it gets back there anyone buying now will be very happy.
As for you and me, I don't know if there's a miracle big enough to get us out of this very big hole. If I had any money left myself I'd probably get a few at a cent lol. When you do the numbers it is surprising how little it takes to make a big difference to the average when the asking price (say 1 cent) is only about 3% of the average (say 34 cents).
A 100,000 shares at 34 cents is $34,000. Pick up another 100,000 1 cent shares for $1000 and you have
200,000 shares for $35,000 at 17.5 cents! Pick up 200,000 1 cent shares for $2000 and you have 300,000 shares for $36,000 and you're down to 12 cents.
The risk is to lose $36,000 instead of $34,000 The upside is if it becomes a "billion dollar company' as Tim Gooch (I heard him say it) believes it will, then the SP has to be around $1 and then $300,000 shares are worth a lot more than $36,000 - fair to think that $1 will never happen though. From what I understand about valuations they would need about $20 million a month of recurring income to be anywhere near that. Good luck!
NET Price at posting:
1.7¢ Sentiment: None Disclosure: Held
The upside is if it becomes a "billion dollar company' as Tim Gooch (I heard him say it) believes it will, then the SP has to be around $1 and then $300,000 shares are worth a lot more than $36,000 - fair to think that $1 will never happen though. From what I understand about valuations they would need about $20 million a month of recurring income to be anywhere near that. Good luck!
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