Account balance wise it is of course frustrating to see the sp sub 3c, yes we all could have saved a lot $$$ if we wouldn't have topped up too early.
OOK's value is currently determined by its investments in Brontech and NCX, as OOK's own platform Akela hasn't performed ( yet ? ) as expected.
From the March-Preso
Ookami is positioned to grow into Australia's largest digital asset and blockchain investment & advisory company listed on the ASX. The Company is achieving this through a portfolio of synergistic companies that disrupt data and advertising markets, investment platforms, software as a service (SaaS) and digital asset applications. Ookami is developing an ecosystem of advanced technology solutions encompassing ‘smart contracts’ and blockchain technologies, secure identity management and verification (‘Know Your Client’) (KYC) and anti-money laundering (AML) applications, data markets, advertising analytics, digital asset wallets and exchange platforms, digital asset solutions and security and encryption applications.
The bold part is a big call but achievable as BC-technology is still in its infancy state, especially when it comes to legal and regulated applications.
OOK can only announce progress when our investments report something. And if they are quiet then we won't get anything.
NCX may turn out as an income source if cryptos will find their way in all aspects of the financial world, but that will take time. Brontech's data mining should become a real winner but I rather would have real $$$$ returned to their data base members instead of Brons.
Anyway, the market went ahead of itself in December / January with all the BC-tech investment stocks and now realises it will take a while to generate income. And not all stocks will make it. Like the Lithium hype, most of the small pushed up stocks are back where they started from.
According to PE-ratios OOK should be valued at 0.1c, but our investments are worth something. How much is difficult to say and without any indication some holders get scared watching the sp going down and do the only thing that doesn't take much time - hitting the sell button.
I used the past weeks to read truckloads of articles from around the world, talked to IT students from unis and even one experienced " dark net " user. All aren't just convinced, the say it is certain that BC-tech will revolutionize the financial world. But we should give it a bit of time.
It took many years banks and people accepted electronic money transfer, then the change to EFTPOS / Credit Cards / Internet Banking and so on. But each time the tech advanced the transition time shortened. Let's see what the world looks like in 12 months, OOK could have been merged with Brontech, NCX makes huge $$$$ on crypto transactions and Akela became the preferred IPO, ICO, CR platform.
A low sp doesn't automatically mean the comp is crap, it just means the market doesn't see any future value. But every day we see stocks getting 2-5 folded which have been valued worthless for many years.
Be patient and GLTA
OOK Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
