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Not a big fan of quoting myself but they've ticked another one...

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jdz101

725 Posts.

31

22/09/16

16:23

Post #: 19353689
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Originally posted by jdz101 ↑

It's just a general feeling I get and the pattern that these tech stocks have followed in the past from when I've read through their timeline of announcements and performance.

> List on the market
> Lots of promises of big deals and pretty releases/point of sale which coincides with a pump in the shareprice
> Capital Raising
> A bad report/reports showing ridiculous cash burn considering the size of the company
> The original supposed big deals or sales fall through, prove not to be 100% accurate, or deadlines are missed
> Trading Halt
> In-fighting with management leading to a significant resignation from the directors/board
> Voluntary Suspension from trade which is extended month on month
> Curtains

Not throwing IOT in with a bunch of rotten apples just yet but they're following that pattern pretty much to the letter.

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Not a big fan of quoting myself but they've ticked another one off the list.

IOT Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

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