SP1 0.00% $1.07 southern cross payments ltd

I'm out. Got my shares 'for free' through OTIS acquisition. Its...

  1. 8,372 Posts.
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    I'm out. Got my shares 'for free' through OTIS acquisition.
    Its been an amazing run, but still its $250 million company with $1million in cash, and no real way of valuing initial sign up agreements. Also, even with options, a capital raising might be required. The overheads might be low, but customers require customer support, and servers and computers don't come cheap. You'd think they'd need to be investing a bit more in the business.
    But good luck all. With these blue sky stocks, it could keep running to $1 or more (or collapse just as easily).
 
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