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14/08/16
01:00
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Originally posted by ceejay1
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I am not happy with the price and I suspect no one in the Company is (the CEO owns approx 40m shares according to the prospectus)
however it needs to be put in perspective. a 20K purchase would move the price to 17 cents ...... This is a thinly traded stock and will be until it beefs up into a significant player. I repeat the prospectus stated the funds were for acquisitions and building a sales team. The last two significant press releases portrayed execution on both these fronts. The New sales manager is a go getter with significant previous experience in the IT security industry and I don't think he is there for just another job.
It has only been 5 months and I think we should give them a fair go. I did not expect a rocket launch on the share price but I did not expect a 12c share price either, the latter of which is not helped by ill informed comments posted without reference to the prospectus, subsequent press releases or facts (earnings). I do agree that they should come out with a bit more information and I am sure the Chairman will address that.
I still challenge your comments re earnings as this report is a cash report but I guess that will be resolved when the yearly results are released.
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You are right
If someone has $28k and buys all the shares available, it will skyrocket back up to 19c.
Anyone wanna chip in to buy all these shares at a discount?
You are also right - the prospectus did say that it's priority was acquisition and key position appointments.
I hope we can hit the 40c target in 3 years. That would be a dream
I trust Keith to deliver this