You make me laugh, I have never before been that complimentary about this stock......if it gets to 8c will you have turned a profit yet???
I hope your faith is repaid in spades, but I still don't see this as being a blockbuster.........happy to be wrong.
As for the 3 key points you mention, none will make buy:
1. Proven management
I far as I come see they are all salesmen, when they do more than drag out old information and make grandiose statements, maybe I'll listen.
2. Product/products ready for market
How big is the real market, it is not the ridiculous numbers management has quoted in the announcements to date. Secondly, why would people buy this product, when there are already available alternatives, the technology is not that advanced or innovative to sway large volumns of people. Thirdly, as an accessory product it needs to be introduced into a growing market, is the specific niche market growing??? I have not seen anything to say it is, the announcements state wider markets which are of little relevance to a niche product. Finally, does it's application method limit the market size? For instance could contact sports use the product??
3. Solid capital now backing the company
I would hardly say $1M is solid capital backing, maybe pay for the extraordinary executive wages for six months. If this was oversubscribed, management would have been smart to take the extra cash, unfortunately I think you will see another CR inside 6 months.
Lastly, don't worry about me missing out and not making money on this one, I'm doing OK and you can not be in every stock.
CGP Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
