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Ann: June 2021 Quarterly Report and Appendix 4C, page-8

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austinngo117

310 Posts.

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02/08/21

11:18

Post #: 54956599
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Originally posted by SuperWealthy: ↑

Yep, the only reason to hold is/was looking at the potential for a buyout on the horizon.

NXT could probably use the assets, but the capacity is very small and it would likely only be attractive once it achieves tier 3 status. So they need to chalk up that tier 3 accreditation first and I doubt they even have enough cash to see them through to that point.

My holding wasn’t huge, and hope of a takeover was the one thing that tempted me to stay in but I’ve learnt the hard way that if my investment thesis is pinned on “hope” then I’m highly likely to lose my pants. I’m out, dropped about $15K-$20K on the ground here as I rushed to the exits & if someone else is savvy enough to pick it up more power to them!

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Yeah I totally understand your view. Stock performance has been quite disappointing. I'll reassess my stance after this reporting season.

DC2 Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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