Why should you invest in MYQ, more like why wouldn't you invest? (Rhetorical question BTW, just read the posts here, i think there are enough views of why you shouldn't just trying to even out the playing field.)
This is how i see it, but DYOR
1. Right now it is in such a great buy zone Sp hasn't been here since 2017. 2. 60 cent Cr at a premium. "As announced on 31 January 2019, under the terms of the Binding Term Sheet and now theSubscription Agreement, MYQ will receive the A$6,000,000 in 6 tranches with an initialtranche of $1,200,000 now received. The subsequent tranches will be in April" (a few weeks away) 3. April Launch of the Toll Logistics application. "now begin to see apprevenues with WellteQ and Toll’s 12,000 employees. MyFiziq will be paid A$5.00 per user per monthon an initial 2,400 employees" 4.WellteQ currently works with the following companies, check out their website. If toll works out this could lead to bigger and better things. Some pretty big companies already working with WellteQ, even the Queensland government. WellteQ partnering MYQ by embedding MYQ tech in the WellteQ app. Wellteq are partnering with Garmin, Myfiziq and iscreen, just need to look at their website to be sure. 5. The recent agreement with WeSure, the insurance arm of Tencent China's largest company. WeSure has launched WeFit, a reward program to incentivize customers to live healthily. The ability to use our technology to track ones health and fitness and for accelerating on-line underwriting and engagement is a key competitive differentiator. 6. There are currently 202083 shares available to 41c. (granted ASX only not Chi-x) $66,005 between the SP now and 41c. I don't think investing 6 million dollars at 60c then buying $66005 is really worth the time and effort to, avg down. So don't let the current SP concern you, investing that much money in a company then spending an extra $100k to avg down isn't for millionaires, they don't sweat the small stuff.
GLTAH hopefully it doesn't fall through HA
MYQ Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held