As a holder, I'd like to hear any facts about the company. I'm here just to share my findings and my personal opinions, Never intend to trap anyone in.
Everyone should Assess a company thoroughly before making decisions to buy or sell. Because it's Your money and you are responsible for your gain/loss. Never take risk you can not afford to lose as the stock market inherits with RISK.
The planet is full of all sorts of people, some ethic some not. I believe good persons will eventually be treated fairly and rewarded nicely.
Based on my experience and assessment, 1PG at 40c is a steal price. RAP, XPE, BRN, these ASX tech stocks with zero revenue but being valued substantially higher than 1PG.
What happens to 1PG?
- Under delivered to initial target set to achieve by January 2016, main trigger event.
- Planned to increasing spendings announced on 8 March 2016, second main trigger event. (1PG at $2.50)
- Disappointing last quarterly report.
- Insto selling. FMR sold on market; Harbour sold to other brokers/instos.
It's funny to see how those instos aggressively bought at top price $4.5 - $5.2, then sold/transferred at 9% of their top price paid. No wonder once one of the global leading broker, Lebman Brothers went to bankrupt, Citi bank share price dropped from US$50 to 97c, and Merrill Lynch sold to Bank of America...
The share price is not necessary to follow common perception, share price is valued at
Expectation, not based on the past. Once the worse has been fully priced in, it takes less to turn around as George Soros said,
"The worse a situation becomes the less it takes to turn it around, the bigger the upside."
