"Get your facts first, then you can distort them as you please." Mark Twain
DUO has a history of bringing out a range of emotions. For those who have been around awhile (it was a slow grind down from .01 to .001), you'll know what I mean. Lack of news from HQ doesn't help our current situation, but an email to them will be answered (usually within minutes!)
The current slow news flow is due to issues they HAD run into as a result of Zyber being a Canadian, rather than an Australian company. Regulatory approval was required and the wheels turn very slowly at this time of year in that department. We are now awaiting approval from the ASX on our NOM. Once that occurs, we are away!
Nothing was EVER going to be announced until all approvals were in place. If it was, we would be labelling management amateurs at best if it fell over. Most shells take time due to the red tape. It's not an easy or straight forward process. This one is no different with the addition of the international component.
For those thinking we are heading down the GAL path (consolidation), get a grip! I have my personal views on GAL and that is why I do not hold it. The Zyber team are now in charge of what happens in this space, and I guarantee that they are FAR keener than any of us to get this show on the road. They are boxed in with their product until this vend-in occurs.
In a 100 metre race, the starter's gun has just gone off. Long way to go yet.
PW: "Clay, if I hold off with the NOM, you and your highly experienced team might be able to pick up a few more shares"
CE: "Really? Wow, let's do it. I could do with a few more. How many will I get?"
PW: "I reckon up to a million per day if you're lucky. About $12,000 worth!"
CE: "Crikey mate! Between the current SH of Zyber, that equates to around $400 each or 33,ooo shares"
PW: "Yeah, I know."
CE: "OK, lets hold off the commercialisation of our groundbreaking product, the clients who we have currently lined up and the ones who are currently testing our product can wait a few more months, I'll survive on the dole for a little while longer and lets do it!
Turn it up!
DUO Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
