I'm not a fan of companies paying for research reports either, especially in this case as it just seems unnecessary, however ...
I can only look at the chart and see a stock that has been under professional accumulation for months, there is a reason for that and I don't need to know the reason - this is why i say the paid promotion was not necessary, the market that matters(funds/instos) know about this story already, the market that doesn't matter(dumb retail) we don't really want in yet anyway, they're who we wanna be selling to multiple bags later. I much prefer to have as few of me(dumb retail) in a stock as possible
I'm certainly no funnymental expert but listening to the recent webinar it seemed to me they weren't really expecting to have much in the way of revenue yet, that's expected to start H2 this year and really ramp up next year. If they deliver and that is a biiiiiig IF, this has 10x written all over it. If not, well it should get a big run up on the story at least
EIQ Price at posting:
35.3¢ Sentiment: None Disclosure: Held
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