There's no stock on ASX which is virtually priced at 1:1 ratio of revenue to market cap and a gross margin of over 40%. This is no doubt a long term hold, but even still it's too tempting at these prices not to continue to add. Some $50m were raised at 20% higher prices than these for heavens sake, from much more informed investors than most. Just one blockbuster revenue quarter and I think we'll be leaving a trail blaze behind!
ARMCH - agree looks like tax loss selling but that 28th May release of shares for sale is too much of a coincidence. I think Linden will be out fully soon though given the trend in his holdings and his reasons for leaving, seems like he needs all the capital he can get now too.
E88 Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
