There was a tipping point for me when we came back after the RTO. It was a realisation that in order for the SP to run/rerate they would need user traction. Knowing we were a ways away from that I had to make a decision as to whether I'd stay or go. I decided to stay (on reduced exposure) but as you say I like the tech too (obviously). I just don't expect any decent sized run here until it comes to them acquiring a decent number of initial users. We could see some appreciation on attainment of M2 but who knows if they have or will hit that. Seems unlikely in a closed beta scenario however downloads could be hitting the books outside of Australia for all we know. Management have always been very confident and quietly going about things while other tech plays fall away into nothingness and others fly high. I've been trying to bide my time accumulating under 2c of late to sure up a strong position for future positive movements, but it has been painfully slow just getting to the starting line and I've lost my patience on numerous occasions here. I will continue to be patient and be a vocal supporter as I can see the distinct benefits to global communication that the technology will bring it's users. What I don't like is the cash burn. Reward for result not effort. I think they should tighten the reigns yesterday already.
THD Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
