Spot on, i dont think it was a coincidence. .. one thing i will give the CEO credit for is he is a strategic thinker and he can make / form partnerships where required and to be fair he has brought in some big names or made good connections on that front. The other key one was that he had or has a guy who was a leading advertising guru on his board early, that i am sure was no coincidence and was to assist with increasing revenue from advertising in the future. All good strategic moves but the SP wont move until investors know what the short term path forward is. The balance between growth and return is always a tricky one and lent more towards growth. Who know what the right call is...
For me the question is would i buy on market now ? Without short term knowledge probably not if so it would be a speculative buy but i would be happy to meet him as a private investor and i would consider investing in the company because he has kicked some goals. How long do you think he needs before he become cash netural ?
RXH Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
(20min delay)