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3.3¢ raya group limited

Ann: Prospectus, page-127

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Braydan97

1,018 Posts.

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19/01/16

14:37

Post #: 16825129
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Originally posted by Scarpa ↑

Firstly, last week world markets were crap - that is when they were talking book build. Secondly beggars can't be choosers - it is a spec stock seeking to implement a strategy to take a portion of the IoT market. Thirdly, it doesn't have signed contracts leading to well define specified first revenue - i.e. actual revenue. I think most here felt RYG were further down the development/commercialisation process than what they actually are - the CR price just indicates the reality of the situation as to where in the development cycle RYG was. With the funds though they will be further down the development path post completion and for long term holders in a years time you'll be saying the entry price here was a steal if all comes to fruition. IMO IMO

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Beggars can't be choosers,now that's stupid.2.5c now that's demand!

RYG Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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