Hi Session
I see it much the same way. @$50M MC FGO is priced as a speculative stock ... fair enough. A couple more MRR's and [some of] the potential will be priced in... easy to imagine a MC $150+. Once customers have been with FGO for a while unlikely they will go through the process of trialing alternatives... so will be very sticky. The prospect for exponential growth is very real.
In the spirit of this thread [which is about exuberant speculation].... a long queue of potential customers [and growing]... a Co run by people who have all been previously successful [all of whom have skin in the game]... a hot item for sale... independent confirmation of the quality of the product [EXL tie in]... a happy first customer and multiple prospects doing DD... the Co has no debt and $11m+ in the bank to finance itself... is there anything more one could ask for??
In the scheme of things I am only a very, very small player in the ASX.... but I can see a life changing opportunity here. Over recent weeks I have gradually sold other positions and put my money into FGO. Sold out of DEG [which I predict is at least a 5 bagger], didn't buy AIS @ 15 cents a couple of weeks ago [which today hit 30 cents], have been watching WZR and humming and aahhhing [moved from 2 cents to 5 in the last few days], have been very tempted to buy RFX... would have been nice to pick up a few $'s.... instead I am buying FGO... because... it's still very cheap and personally I reckon we are about to see something special unfold.
So... for those who have a Commsec account... you will be familiar with this little chart they have.
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Mkt cap ! $2.608M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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32 | 24850822 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 5982986 | 12 |
View Market Depth
No. | Vol. | Price($) |
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32 | 24850822 | 0.002 |
16 | 31605708 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 5982986 | 12 |
0.004 | 9450267 | 16 |
0.005 | 8001280 | 10 |
0.006 | 4208621 | 4 |
0.007 | 1550000 | 3 |
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