I think people are forgetting that PSY will be having revenue coming in very shortly from the deal with Quantify. Every single product Quantify will produce will contain a PSY chip. Quantify are just about to launch their smart buildings and go into the commercialisation phase with revenue coming in.
Also Aidan leaving was not a surprise. It is written on the Quantify website on their blog from june 1st. It says he will finish up with PSY at the end of the month. Because Quantify are not listed on the ASX yet they don't have to tell the PSY shareholders about any news. see below
"Aidan will remain in his position as Non-Executive Director on the Board of ASX-listed Panorama Synergy Limited until the end of June 2016. As previously announced, Panorama Synergy Limited has a partnership with Quantify for the supply of sensors for our Internet of Things solutions"
Patience everyone, deals and revenue will come in shortly (my own opinion). I've been along for the PSY ride for about 2and a half years now and if i had more money i would be topping up again.
No news does not mean bad news and i feel the SP is holding up nicely. watch this space!!!!!
PSY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
