rebound day is today, page-23

Guys, when this was trading at 16c + there was a massive bullish sentiment toward and regarding Blockchain sector/ market - then add in Emma CEO Brontech all over the media selling the story and on Fox news etc gaining great exposure to fuel the hype - this created massive interest in OOK and then..............

then cryptos took the heat out lf the market as bitcoin crashed to massive lows - lots of people lost BIG dollars something on a global scale in the billions.

Lots of money THEN left the BC sector whether companies were aligned with bitcoin , cryptos or blockchanin technology or whether they were bitcoin related or not - then we take away the hype of Emma constantly being in the media and we have a nice recipe for huge drop in share price. Seems like most got out when we rolled past 10c -12 range

this is where i got off the bus and re entered in the 7's and now high 5's BUT now i think its going to be a slow grind back up as we only trialling the tech with tier 1 so lots of work to do

In the meantime the heat has come off the bC market and whether it will return is purely due to whether the investor confidence comes back - as companies including us have lost alot of share value and traders / investors have moved on including the fund managers who helped pump OOK to dizzy heights

i then looked at our slice of Brontech and realised OOK investing 1 million of company money into a company (brontech) for 18% in sector still in its embryonic stage or cycle that would not provide shareholder returns for quite some time.

so now ive had more time to think about OOK/brontech deal its is currently fair value around 6c - and probably should have only been woth no more than twice the value before we bought into Brontech ( excluding the hype ) OR 100% GAIN POST Brontech investment !

Not to mention 18% return for for 1 million invested is only $180,000 so not a IRR worthy of even 10c

therefore i cant see OOK share price being worth any more then 6c right now unless they have another acquisition out there that we dont know about in the BC space

Lets face it, we ALL bought into the hype

Cheers G101