I've been around for a little while, and this is no pump and dump. 4 major things driving the share price higher at the moment.
1. Company awareness through management meetings and roadshow. With such a good story being told, it would be hard not to think that people are not buying a new or topping up on holdings (and the reverse of not selling).
2. Nasdaq listing. Historically US investors are willing to assign a higher market cap for blue sky tech companies. I would be suprised if once complete, the US listing does not add long term upward momentum to the share price.
3. Further deals about the Omron deal. Given the huge upside of the deal, and the lack of understanding around it, I expect further deals will suprise the market to the upside. I can only assume a lack of detail was the reason for the lack of market cap increase. As details are released, I expect this to change.
4. Announcement around US distribution deal. Small Aus minow signing a major deal with a Top 500 fortune company..... hmmmm... Do I need to say more.
The major thing about the above 4 points is urgency. Often in a "spec" company, investors think they will wait until a tipping point is near, and this is a long while away. Often they miss the boat and talk about "what if" as the price increases slowly, or a announcement catches them off guard.
I see the upside, and a took a stake a little while ago. I don't expect to have to wait too long to have a big smile on my face. I did my own research, even flying interstate to hear the story first hand.
After hearing others accounts, I think after hearing the story, they are too. Given the price volume and movements, I think a few are waiting for a retrace to add further.... I'm just not sure they are going to see the retrace they are hoping for. Sometimes you just pay the piper, as I'm quietly confident that when we look back, and will not matter if we bought at 1c, 1.5c, 2c or 3c.....
KSX Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held