GSW 0.00% 29.0¢ getswift limited

Ann: Foreign Investment Review Board update, page-10

  1. 676 Posts.
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    Gosh, averaging down at this stage would be a seriously brave move. I’d really love to get an understanding of the mindset of anyone who is buying right now. There is just so much risk involved and there are so many good opportunities at the market. It just sounds like ‘averaging down’ is just another word for throwing good money after bad. Particularly with the knowledge that they have just about run out of cash and will need to raise capital soon, which one might expect, will dilute all holders.

    I wonder if all current holders could answer me this question: At this point are you holding because you think:
    A) the management team have what it takes to make this company success or;
    B) you think the problem they are solving and the tech they have developed is so good that it will eventually get widespread uptake or;
    C) some other reason
 
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Currently unlisted public company.

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