A lot of people seem to be looking at the revenue numbers as if this was BHP. The only useful thing revenue tells us about a start up like this is whether the business has finally started to take off or whether we're still in the establishment stage. It tells you nothing about the likelihood of ultimate success.
It looks like we have a way to go before the business is self sustaining. The question then is whether there is still enough faith out there in the technology and the business case. Given the real progress that has been made, the partnerships established and the quality of its supporters I find it hard to believe that 4DX could just collapse and disappear. The worst case scenario it seems to me is that we get even more heavily diluted either through more CRs or a restructure. The more likely scenario is that we wait a good deal longer for the ramp up. I'm sitting tight.
4DX Price at posting:
28.3¢ Sentiment: Buy Disclosure: Held
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