I'm happy with the business' progress regardless of the share price activity.
They stated there's a pipeline of $15m and they lock away say $4m in one fell swoop. I simply take it as a sign that they're able to continue converting.
If the price goes down tomorrow, I'll still buy and unless the price goes up beyond what I consider to be reasonable, I'll still be buying, unless the business gives me a reason to do otherwise.
Overall, I look at the investment decision as a long term one going out beyond 5 years and in my opinion, if the business is able to provide reasonable indications of continued revenue growth at a rapid clip (and once profitable, earnings growth) and then convert that, this would largely justify a substantially higher share price in the fullness of time.
AR9 Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
