You know the old saying about chickens and their hatching VYRMain thing that worries me at this point is if the new model becomes popular in China, who will get priority as a market?
Supa Soco would likely be happy to prioritize Chinese consumers hence my STRONG desire to nail down a merger NOW!
Our own products hold no appeal and all our eggs are being placed in the Soco basket, not a good business strategy when we are only getting benefit from international sales.
Market cap of this company as a merged entity could easily be a few hundred $m within 1-2 years, large amount of sunk capital in both companies and many tax offsets available, good sales results for the new models will propel this insanely, no reason the merged entity couldn't be knocking on the door to ASX200 within 5 years, IMO Supa Soco will be successful no matter what, they have the product people want, we need to be partners to benefit, without that we may still benefit but no multi-bagging blue-sky opportunities.
I'd like to say I'm looking forward to the next announcement but to be honest I think it will be a delay to the approvals and worse than expected sales combined with no positives
I feel this holding is more of a long odds punt at this point, as mentioned previous just no confidence to allocate more capital to it but at the same time just can't bring myself not to hold some due to the possibilities if things go well.
Only way I would allocate more capital is if I knew I could pick up 10-15% of the register around these prices, now that would tempt me
(I would be pushing for a board spot for that!)
