I thought we had a great day on the market today, considering..
My thoughts on the SP drop over the last few months has absolutely nothing to do with the product itself, nor nothing to do with timelines, management etc. People need to understand its a startup and nothing ever goes 100% to plan. Think of it as building a brand new house, or doing a project, it never ever will go 100% to plan. I believe its impatient people selling and moving there money around into different stocks to look for the quick buck which is fully understandable and possibly scared of the unknown. People have not actually played around with the wangle app as of yet, they don't know how it behaves, only know what it does and how well its meant to work...
To be honest i think management have done a fantastic job with keeping it a very very tight ship. There is no information online AT ALL, nothing has leaked, Nada. They need to protect it 100% until all approvals etc are in place to protect the product. The product NEEDS to be 1000% fail proof, if that means more testing and more testing, then so be it. If its a month or two late, then so be it. Id rather see the SP rise and keep on rising because they took the time, than rise and drop off significantly because of a glitch in the product. There is no second chance imo and they need to nail it the first time around and nail it properly.
They have not given in to share holders and released information just to keep everyone at ease. That on its own shows stability and confidence and they should hold their heads high.
Well done team.
SK
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