Sorry all, I bailed yesterday. I might look to get back in later...

Sorry all, I bailed yesterday. I might look to get back in later at a lower valuation.

I agree with many here that eXperience will take time to roll out, and that is not necessarily a reflection on management. Once that (the roll out) can be seen, I think the share price will appreciate quite quickly, so I acknowledge I may miss out.

That said, I have spared myself some pain recently in exiting decisively on late afternoon 'bad' news and have plently of places I can park the proceeds.

I do view the current valuation being heavily dependent on high growth. I.e. with a midpoint if USD3.75m, extrapolated to USD7.5m for the full year, or AUD9.75m, NXS has a P/S of 35. Justifiable for a commercialising company starting from a low revenue base with high double, even triple digit growth, not so much if growth is more sluggish or not apparent.

Basically, IMO, a company losing it's growth premium can have a devasting impact and provide an better opportunity later, which is my plan. Realisation of that growth on the otherhand can provide access to cheap capital and more growth, and one who sold would miss out, therein lies the trade. I am holding a few losers waiting for the latter, missed out on others where I got out, but overall happy with my timing in trading between reward and risk.

I hope that I am incorrect, that a better explained announcement recovers the Share Price (I have also seen that recently also). Also, sorry to those that feel I am oversharing, I just felt like chipping in my 2 cents.

All IMO, please DYOR and GLTAH.