I like to follow stocks that I've had in my portfolio and many months ago when the stock was trading in mid 20's, I predicted the stock would fall to about 4 cents. Well, I was pretty close.
Initially I thought this stock was going to do very well on minor research, then I dumped the stock at a tiny profit.
As I mentioned in the thread ages ago, I sourced out a few of the displays, but nobody was looking at the screens.
Recently on a trip to Asia, I saw a similar product and I saw many people looking at the screens. Perhaps it's because of low social economic groups, not being able to afford mobiles to keep them entertained.
I've noticed the stock crawling upwards recently and also notice two Directors have bought stock. One I don't care about, but the one that was a big figure at Spotlight is. I also posted after his new role and suggested that he could
change things around. Interestingly, the SP has gone North almost directly with his appointment.
I would think if another Director from now on buys stock of at least 20k worth, then something could be cooking
Do they know that India is already happy with the idea and want to start purchasing the screens, is there another
city that has quietly come to the table or, is it a take over target with SP so low? This company is a confusing one for me and daily volumes are just too low to even think about getting in. Sure, if India gets onboard, another city and then a domino affect comes into play and the stock goes to $0.50, I will be kicking myself, but seriously, I just don't see it happening at this stage. One more Director to buy......then for sure, something is cooking.
All in my opinion.
XTD Price at posting:
12.0¢ Sentiment: Hold Disclosure: Not Held
