Hi Jasp, I'd agree with your long term play if it was already a proven business with a validated business/revenue model but it is still trying to achieve market traction. I had spent some time at the BIG forum to know that someone actually loss back $1m for holding on to his belief- this belief thing can sometimes be detrimental to common sense risk management.
Re: announcements, it will be difficult for small caps to make announcements about commercial transactions that would be deemed as sensitive information by ASX as lately ASX has been asking for substantiation leading to these companies getting into suspension. This happened to MYQ with disastrous revelation , and in progress with BUD, CIO, SYT amongst others. So unless genuinely material, YOJ will be hampered to make announcements that would serve as catalyst for price movement without risk of being subjected to an aware letter by ASX to substantiate disclosure.
Just like everyone thought the Amazon deal was the real deal that GSW acquired, I think the reality that winning a globally deployed account by a tech start up is never as easy as it is perceived. It is more likely to start as pilot and progress to a single locality rollout for proof of concept and could involve years to rollout globally if successful. MNCs don't make rash decision even with a great product. In the intervening period, believe me, there are many other international companies with blockchain logistic platform offerings that would be competing in the same space.
YOJ Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
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