Its about the technology and its at the development stage. Its still in the lab of a university. It will take years.
Frankly alot of companies could be looking into this type of tech and bigger budgets than PSY could be doing the R&D.
PSY needs a tech fund or licence arrangement with a 'big' tech co to invest in it, pronto.
If that sort of announcement comes then the current holders will be handsomely rewarded. Its a gamble on whether management can do that sort deal. And there will be a CR or several coming but SP could be higher by then.
Basically its simply impossible for a small company to do this R&D on its own, in good time.
Need a big rich partner and the deal done must not give the company away. Thats the hard part. These guys should be able to do that with their pedigree.
So hold on the hope, or walk away.
Im waiting a little longer for a very low flat SP over next few months. If I miss out, I miss out.
PSY Price at posting:
5.6¢ Sentiment: LT Buy Disclosure: Not Held
