Originally posted by AngusC
Could be a few seed investors still selling for a tidy profit
According to CommSec, the 52 week low is $0.098. That means people could be making up to a 60% profit if selling at .016.
I don't think anyone would begrudge anyone taking profits in this or even a 20% circumstance.
I still think a medium to long-term hold is going to bring a bounty of reward though.
Important to note is that there were only 2 sales today though, so there simply isn't the demand to push prices any higher at the moment, especially since the roadshow is apparently ongoing. Might have to wait for a partnership to materialise before we get to the magic .20 price.
I get the impression that once the first partnership eventuates, others will be following closely behind. That will probably mean we pass through .20 on our way to more impressive heights rather rapidly.
