Tim i had to re read my thirty cent prediction and let me tell you that that figure is highly unrealistic. However out market cap of 14 million is low as well. For a reason obvioulsy. We both probably got in on the float at 20c and its been a one way show from that point. The CEO himself must be putting on a brave face. Look at todays one person 820000 buy order. Since when have we seen that before. I am guessing its a mate of the same bloke who is supporting the six cent capital raise. To answer your question - why buy on market when you have rights shares at 6cents. I do not have the intestinal fortitude to stump up coin now, but my optimism has improved. I owned last year a pot stock that i bought at 30c.....cant recall it now but it dropped to 10c. sold the lot, took a big hit. withing three or so months they were 60c. Hard to swallow i can tell you so in SDX's case, I aint going nowhere. Someone now or two groups will own at least ten percent of SDX. I still think substantial holding means 5.00 per cent so if you see this as an ultimate takeover opportunity down the track, stay. lets not talk about figures in this regard since they mean jack. But their screening process certainly has to have potential - and it probably does - for two punters to take a damn big stake in it.
It is a very illiquid stock as you know. All we can do is wait for the next big asx announcement and make no bones about it, there has to be one coming alluding to some sort of deal with sales, or some sort of collaboration. There just has to be some stimulus given due to these new folk coming on board. Lets face it, many a time you have seen this share graph that looks over a period of a year to be a big water bowl for a cat. hopefully we are on the right hand side going towards the lip.
As far as cup day goes, that was the first big day that i could think off so it may as well have been christmas, or grand final day.
good luck and the reason we both got into this one was the belief in the technology. Others will add to this forum and enlighten us all i hope. it has been a while since i have revisited the initial float description to totally ascertain the science behind SDX.
Cheers.
SDX Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
