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18:03
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Originally posted by pavl:
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HI All, the typical negative comments from the people who cannot plan for the long term. Would someone out there please name a company out in the market at 5.5c that has 1. no debt, 2 over 20m in cash/ , paid its shareholders over $4m in dividends this year, paid over $8m to purchase a 60% stale in Votiro ( who has a technology that is being tested by Bank of America, Citibank and recently sold to major Singapore Bank), HAS distribution agreements with the biggest Security firm in the world ( Thales) and is selling to the US govt. Anyone would think that we are dealing with a Blue chip stock. The facts are that at 12c a return of 100% can be achieved and I don't know of any other stock on the ASx that anyone can recommend with some confidence were this coud be achieved. IF anyone is looking for a short term major killing, then they will be disappointed as this is not the goal that the major shareholders are aiming for. At 5.5 c the average person in the street can look at coming into this stock knowing that they will lose very little, but could expect a substantial return in the next 12-24 months. We had a SP of 22c a few years ago when the company had very little, but hope, yet we are now looking at a stupid figure because no one has made any effort to publise the company as the major shareholders and there friends have enough stock and are not concerned in short term gains. What an opportunity we have, and yet no brokers are willing to talk about the possibilities that await.
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Let’s just hope our man in New York and his friends don’t succumb to Coronavirus. It would a shame to think they weren’t around for the big pay-off that will one day happen.
