Like most people who have commented on other posts and yours above - you'll are not wrong. However, even for institutional investors - I really do not see them investing anything at this stage, they cannot justify this (I work within financial markets and that's a no-no for me as well) - falling share price as a by product of no market interest/poor market conditions and lack of capturing meaningful market share. We as retail investors have a different mindset, akin to fan boys and girls - so we are always hoping for better and taking risks.
That being said, you can see Citi is now the largest holder as of Dec 2022 - at around 19.5 %; while this does not really mean much, I'll take this as a minor positive. If they are able to push revenue in FY23 - FY 24 I think then we should see more interest in the company - but as of now it's more like 'living on a prayer' with them.
I understand they have been around since 2 decades now, however, the push for commercialization and dream to be a serious contender is fairly new, only 2019 - right at the onset of COVID.
This is still early stages, risky periods - if we don't see revenue growth in FY 23 and FY24 I think we can then give up hope. They are still very very small with a mere 25 - 30 employees; AUD 1.6m of annual revenue is not the worst I've seen.
I am not aiming for the moon, but a mere 80 cents should still see me satisfied. Clearly they have failed in capturing market share, and hence have opted for a direct to customer approach, this should better top line revenue by a bit along with resuming EU sales (hopefully soon).
Thanks for raising your voice, healthy discussion from shareholders of OSX is much needed.
OSX Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
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