Andrew,
This company is unproven so you have every right to make the comments that you have, believe me l totally understand.
For the time being, we are dealing in Hypothetic's, so let's re-visit this stock in say 9 - 12 months time.
Two things will either happen:
1. You will be so glad you didn't invest.
2. I will be so glad that l did.
I really don't think there will be a half way point with this company, the board, its Directors and key personnell will either do what they have done with other companies they have presided over in the past or the company will fail.
I am happy to back the company for the time being, if they are proven correct the upside will be enormous.
The last company the Chairman presided over (Senior vice president Speedcast International Limited) had revenue, pre IPO in 2013, of $50M pa, when he departed revenue was $750M and the market cap $I billion (refer prospectus). Mergers were also at play with this entity.
The market cap of DXN based on the IPO was $40 million.
Let's wait and see but if l were you l would at least dip my toe in the water, but naturally its your call.
Yarra
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Last
7.3¢ |
Change
-0.005(6.41%) |
Mkt cap ! $13.64M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.1¢ | $20.15K | 271.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2842 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 34 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2842 | 0.069 |
1 | 15384 | 0.065 |
1 | 7969 | 0.064 |
1 | 50000 | 0.062 |
1 | 35882 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 34 | 1 |
0.078 | 69633 | 2 |
0.080 | 17935 | 1 |
0.082 | 61000 | 1 |
0.083 | 33814 | 2 |
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