JAar Doesn’t matter how hard you try, your argument about the...

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Wolf9

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26/06/20

12:17

Post #: 45469602
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Originally posted by JAar: ↑

Times goes fast, it was actually 2.5 years ago when that error happened.

That's partially correct, in march 2018 they retracted the announcements on 7 and 19 December 2017. The SP prior to 7 December reached a high of 0.78 AND at the time the company had a tech that processed 2-3 times slower, was less accurate and the deals at that point weren't nearly as lucrative or with the pedigree of partners that they've lined up to date.

The error was that the revenue was brought forward a year, mid-late 2018 rather than late 2019. Looks like either way the revenue projections were wrong in hindsight as it has taken until June 2020 to start generating the revenue!

Interesting times ahead, my confidence in the stock went up significantly when a fund manager invested $4-6m at 60c as they would've done their due diligence on MYQ's potential... Hopefully they were right.

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JAar

Doesn’t matter how hard you try, your argument about the share price is completely invalid.

The only reason why the SP reached a high of $0.78 prior to December 2017 is because the misleading research report was released on 16 October 2017. Before this date it was trading at around 5 cents.

The revenue projections were not wrong simply due to timing, they are in fact misleading as no other app converts at those rates.

As for the fund manager, if we are talking about ACAM, there is a Facebook page created by a number of Japanese investors who have never got their investment back.

MYQ Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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