I took up some of the shortfall through my broker at Bell Potter. I could have perhaps sat on the bid at 12.5 and got them a little better than 13.
I feel fortune to be getting in to this company at such a time, at such a low market cap.
FDA approval, 5000 points of sale on route, Walmart, target, best buy all on board.
Top shareholders keen to double down at these levels. Realtek in their corner.
So retail didn't take up the entitlements. So what!!! Most would be underwater and not prepared to look at this with fresh set of eyes.
It happens all the time. However, this could be the last CR they ever do. 1 Sale per month per store in Walmart and they are profitable.
I am new and I see great potential here. I believe the shortfall will be snapped up quickly and that news on sales will be exciting in coming quarters.
The next 12 months could see the company get to $150m- $200m MC IMHO.
Seems like good risk reward to me
DYOR.
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