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I too almost bought back in but something is still holding me...

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Viper30x

661 Posts.

7

05/03/15

08:47

Post #: 14862286
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Originally posted by Teringie ↑

Hi guys, bought back in today at 12.5. Although I was very happy that Vip became a major shareholder, my concern was always the purchase price of 10.8 cents. The imparement write off in the recent financials was a bit of the final straw. With this pullback, there may be a little more to come, but overall it's the same company with massive revenue growth and now a huge insto investor in vip and cash flow positive from now on.

All the bad news is out and a good news positive announcement will happen any day. Watch this space.

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I too almost bought back in but something is still holding me back. Hope it works out for you!

Quick question, how is this cashflow positive? Where did you get that information from? Its cash balance reduced and further investment was required. Plus going forward there are $31m of current payables to pay.

Interested to know how you got to that?

E88 Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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