You've ventured across a seriously undervalued Vinn -...

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rustys33

1,851 Posts.

533

08/10/23

17:57

Post #: 70234538
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Originally posted by vinn: ↑

Rusty, Only come across this stock few weeks ago . Was interesting to see Alex Waitlitz getting on board ...Alex.s Initial purchase in April was 18.9mill. @ average of 31c since then he has topped up 5 times ..18.9 m to 23m @ average 14.5 c 23m to 27m @ average. 17.8 c 27m to 43m To. 73 m @ average. 0.07c 73m to 83m about 5.2 c ...Alex after doing his financial degree in New York , set up a financial business in NY backed by Robert Holmes a Court .The plan was for Alex to investigate “ Fallen Angels “ install new CEOs and or Directors , This proved very lucrative for both over the next few years , Then Alex returned back to Melbourne and set up his own business Thorny Holdings was called that name because he was always a Thorn in the side of CEOs who ran company’s he managed overseas and later he invested in here ....At the moment DOC is being held back for an accumulator (S) But I envisage good news in the coming months to change the current situation ...Cheers Holders

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You've ventured across a seriously undervalued Vinn - albeit not without its risk. let's fast forward four months when the company should be cashflow positive with annual revenue of $100 million (growing at ~20%). All this for the paltry sum of $20 million. Tech companies can regularly get valued at 10 times revenue - not that I'm suggesting this deserves a billion dollar market cap. All I'm saying is this is getting valued for failure - which I believe is not DOC's future. I'm thinking this will be worth ~20c in April after the quarterly shows positive cash flow. I'm a patient man - 300% returns in six months is fine by me

DOC Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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