The problem I see is that for most investors funding into the mm sector is limited to a % of their portfolio, whilst this stock remains in th people are investing their money where there are signs of forthcoming revenue, there are a few that fit that description so when CGB finally does commence trading there will be less overall capital to invest in CGB.
Over the period of their th I have already allocated funds in other mm companies that are generating income and have no intention of throwing more funds at CGB until they can prove themselves to be a worthwhile investment, so far that has not been the case as my capital has been tied up for years, or so it seems. I'm not very forgiving of companies that do this as it creates a negative perception of their competence.
Their delay may have been more costly in the longer term as they dither whilst others are making a name for themselves both locally and globally. They may have missed the boat?
CGB Price at posting:
3.7¢ Sentiment: None Disclosure: Held
