I agree the Board is getting a pretty good deal, especially getting paid in shares while the price is so low. Sometimes I wonder what they spend all their time doing.
Geez. Buying in at IPO makes you a hardened veteran. I can't imagine what it would have felt like when the share price was at 2.2 cents.
What was IPO, about 26 cents?
I have owned NC6 for about 2 years. I first bought in at about 12 cents. When I first bought in I really thought we would have advanced more by now. That being said, I recognize that the Grasim agreement is the important step forward, and the India lockdown is a bit our of our control.
I don't feel too bad, though, because I picked up more than half my shares at 2.5 cents, which has brought my average right down. I'm actually in the green.
I agree, they could pull this off. If they do, a could see the SP be worth dollars instead of cents in four or five years. I can imagine a MC in the hundreds of millions of dollars.
Hang in there, mate. I think the next 12 months should see a substantial re-rate, assuming Grasim can get back to work in the coming months.
Still risky, though.
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