The two major changes (I have been following this closely since float) that made me invest were both in last 2 months:
1. Looks like will just be adequate funding without external funds
2. Actual numbers for Gophr finally released. These are very very very good numbers and they are hidden in an investor presentation!!!
My investment philosophy is one of risk adjusted reward and at ~4c where I had been buying the downside risk is very low (probably lower than liquidating value of assets) and potential upside is >10x. My regret may be that I didn’t buy enough but not sure enough of the financials to warrant a bigger stake and could still have a handsome profit ignoring execution given the price I bought at.
From a business perspective I very much like the founder (very good track record) and also like the recent move to take more control of beyond media and leave other operational matters to other staff.
I am not sold on the high line acquisition- mum only thoughts are they really wanted the staff and want proper alignment of interests and this was the package that was needed.
I try not to post/advertise holdings in the chance/hope they drop more but in this case I don’t think it is going to happen and as I said am overweight tech that I will not sell so can’t reasonably acquire more in the next few months.
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