I am thinking that this is looking good for a buy.
Cash backing is 24c
Currently price 17c
They are spending $4m a quarter. Not too bad really.
Scenario 1 - they keep running this company into the ground in which case they have about 2yrs of life at the current pace. This is unlikely.
Scenario 2 - they start getting traction with the product and happy days. This is not out of the question. They are making progress.
Scenario 3 - Tod and the others on the board pull their collective fingers out and get rid of Joanna and the stupid 1pg platform and put in a real deal. If there is another crap quarterly I think this is going to happen. Upon announcement of Joanna's departure this stock will re-rate to cash backing. Then they can put a deal in and spend all of that money on something worthwhile with revenue.
There is a real opportunity here. The 1pg platform may get traction, I am hearing good things failing that I think the board will take action and get rid of 1pg and move on to greener pastures. The cash in bank is a huge thing here and worth a punt - these KTM Capital (chairman tod) guys will not let this slip much further.
- Forums
- ASX - By Stock
- 1PG
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-23
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)