I am already invested in Quickstep, a small amount.
However, I am looking to up my stake substantially. However, to invest a substantial stake, there has to be more certainty from the company, micro + maco factors too. The entry price would be determined when I see changes in the company, contracts, management, government grants, technology, etc.
I personally think that QHL with the stable contracts on hand, a Fair Value would somewhat 10cents. (yes), and it presents terrific buying opportunity, risk-reward. But, with the lack of new substantial contracts or institutional investors, I believe the company can reach a low of 0.03s. Plenty of negative sentiment, and that does not help the company, nor do false promises and up-ramping.
I look for a long term investment, where additional value can be unlocked, through contracts, consolidation in the industry, or yield from dividends. None of those are a certainty, or seem to have a substantial probability/possibility now. Time would only tell.
As the saying goes, don't catch a falling knife. People have different ability to stomach risks, but for me, why pay a premium when I so strongly believe it would drift lower. Unless a breakout occurs, be it internal from the company, or traders doing technical trades (meme stocks) etc, all I can say is i'm waiting.
QHL Price at posting:
5.2¢ Sentiment: None Disclosure: Not Held
