CT1 0.00% 0.2¢ constellation technologies limited

Ann: Completion of Share Purchase Plan raises $240,500, page-8

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  1. 120 Posts.
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    Eqz, nobody here will hold you responsible. I bought it well before I joined Hotcopper. I too am disappointed with their slow growth and have decided to sell these shares at a major loss and reinvest money somewhere else. I am lucky that I can afford it. It just happens. I invested too much and simply made a mistake. My other investments have made more profit than this. 

    I work in IT industry and I saw a major potential in what they do. I still believe there is potential however these guys do not have the financial support to achieve it. During all this time I expected them to run some additional product/service portfolio on the top of this IOT solution (even basic IT services) but I cannot see it and this is the part I am concerned about. CCP could have combined being a vendor and an IT reseller and that IT reseller division could have been easily profitable (given their technical people and ability to sign up third party contractors) and should have provided major part of the funding necessary to release that new product. Too bad...
 
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