Thanks to @asb83 and @TDA for some balanced and thoughtful posts. Some get carried away here in either direction.
I am waiting on news that this ship is turning around. Based on what Maureen said I am convinced the quarterly is going to show low revenue numbers and be received poorly. And that is what is particularly scary on this one at the moment. We're currently 8c above the original listing price with a potentially very poor quarterly to come. The presso that has been mentioned .. I hope it it's a good one that clearly elucidates the current inner machinations of the signing process. But even if it does I think the market will react poorly to low revenue numbers.
This is bound with the expectation that receipts would be realised by this quarter through a 4-6 month timeframe from booked contracts. Signs so far are that the company is about to fall short on this promise. If that is the case, we could see this go lower.
Silver lining (if there is one): I think it'll be hard pressed to fall below 20c. Company has attracted quality clients so far and now just needs to convert.
Looking for a re-entry if there's a wiff of this turning around at a later date. But until then I am on the sidelines. GLTAH
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