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Observations from the NOM, page-12

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LeeKing

5,879 Posts.

226

24/04/16

20:33

Post #: 17590561
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I have three concerns for PSF at the moment:

1. CR price could be 2c, so why buy now? Better to wait to see what it will be.
2. If I recall correctly, market cap will be around $60m fully diluted at 3c if CR is at 2c. That's quite high for an RTO prior to completion.
3. The problem with telco data has been bandwidth, as far as I know. Won't free data put more pressure on bandwidth, thereby making free offers useless?

Originally posted by aaronsaunders ↑

I don't mind that we are an unknown during this transition period, the lower the share price - the more we can soak up any low hanging shares. Reverse takeovers are complicated to undersrand for a lot of new investors... PSF is a perfect example of a hidden gem, it will be 'discovered' when the prospectus comes out. We will look back at these prices very shortly and kick ourselves for not taking up larger positions.

There are a lot of savvy investors on the register that research RTO stocks, these investors have already bought in and sitting on the stock. The tighter this register the better. The volume per day shows no major exits, just accumulational and some impatience. The only price movements of late have been investors taking capital to invest in other stocks while waiting for prospectus - thinking they can rebuy at same price whilst having made money on other stocks. Just wait for the prospectus and you won't be disappointed.

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What's going to be so special about the prospectus?

SYT Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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