> I tried that late last year when the options were at > $0.002 each. But I just missed out on getting some. But it would be good to have them now had you bought them then, eh? I would have bought them from you at a 1000% profit for you.
> Looking at the options and share price now I am doubtful > about the value there. I can see your point, the cash burn is still a bit of a concern, but I'm willing to take the risk. - Mainly on technicals in the ST.
I figure that if in 12 months, they reach break-even, then is the business itself worth a slight 20% premium to their listing price if they've spent all the money they got from listing. - I think so, given the growth in the sector and the attractiveness to the ethical investors, and I think I would be willing to pay $0.30 for the stock then.
My main concern is that they will go off and chase the water bottling market and plow all their remaining cash into establishing the systems in exchange for a steady revenue stream which would take a while to repay the initial investment. - Sounds good on paper, but I think the impact on the cash reserves would put them in a very dangerous position.
Mooremoney Ethical Investor and Opportunistic Trader depending on the day of the week.
