OSP (ASX) Ann: Quarterly Results and Investor Conference Call Notification

Originally posted by Tian8824: ↑

Well put. The investors “gave up”.

Their selling is based mostly on emotion when the pain and disappointment they cannot take another day

Problem is, they don’t gain much from selling. They are not BRN brain chip holders selling at the top 5000m market cap based on no revenue. They are selling at a huge loss whatever scrap they have left.

It will only give them peace of mind. maybe some feeling of vindication if the company collapses. But financially it doesn’t make sense UNLESS the selling is for tax reasons. Or they feel there is opportunity to sell now and buy back at cheap. But that’s doing a short term trade at the worst time possible. Even if they got it right, it does not validate them. Why weren’t they selling at 80 bucks???

I am not trying to pump the stock up. But my philosophy is to look at the merits of a company when it is completely almost down and out. I’m not going to look at the Merits of Bitcoin when it’s 300k. I do that when Bitcoin WAS 1c

Except OSP is not at that stage. Progress is not as fast or smooth as one would hope for mostly not because of bad management, but because of Coronavirus. It needs maybe abit more time and maybe a final cap raise to get through this third variant of Coronavirus. The numbers of deaths and hospitalisations are easing as we speak.

Then it’s contracts with Canada, Middle East, Asia, Europe, USA. Every continent of the world.

Expand

Tian, i am not sure i would say its "emotion". Yes it does play a part but Just look at the results and current state of the business. The operation costs are still high considering the revenue/sales. And lets face it, corona is here to stay, so no one really knows how long hospitals are going to be restricted etc. Infact, it annoys me because it gives the company a great excuse to divert attention away from company performance or decisions. You are simply saying this because you have came in at rock bottom, see the company has potential and are hoping for a rocket. I dont blame you and have nothing against that. But comparing us to things like btc etc is just way off. We are miles away from the performing stocks you also mention.

I just prey the ISA's start bringing in the coin to keep them afloat. For some reason, mike is unwilling to get rid of the original OSP sales team and turn it over to the ISA's. GE takeover is what i am hoping now. Even if they bought us at a dollar it still wouldnt be enough to recoup most peoples losses in this thing.