I’m getting more bullish the more I read. The product is clearly very good, but they couldn’t make it work with the previous strategy and management. The new distribution plan is excellent. China Telecom is a fantastic platform for growth.. its pretty obvious from the initial explosion of customers that they have hit the nail on the head with ct as a partner. Not only will this create an excellent revenue line (even if we can’t calculate it yet I think it’s fair to say 12k contracts in a year will make for a very strong stoey$... but iteill further validate the product. From there it becomes so much easier to continue to gain traction. Go back and look at the history of Big. In 2015 they had loads of Director resignations and capital issues and couldn’t get the product distribution working. But the product was good and the market was there. Through partnerships they penetrated and the story quickly unfolded. The opportunity was there for along time sub 10c but it was too easy to doubt. Especially with the constant selling on any apparent good news. By the time it was apparent to everyone that the product, market and distribution strategy had aligned they were airborne. I have a feeling this is similar. Some very smart and successful businesses have been willing to partner them when they simply didn’t need to. It’s bwcause they have something good. And I am backing it plays out in similar fashion. Slow at first... even the most loyal supporters getting frustrated and perplexed by selling.. but the the puzzle pieces keep dropping in and revenue starts to appear and gather trajectory. More partners, more penetration of new markets, more revenue.
Stay strong. This one just makes sense to me
NET Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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