Other than in the bedroom, when in your life has anything good taken less time than you would’ve expected it to ?
Patience… its something as us long term holders of VR1 have come to accept. That being said, there has been many opportunities to trade this stock had we wished. Whether it be short, medium or long term trades, you cant argue there has been opportunities had you the appetite. Obviously being stubborn & not selling out at the top or not grabbing the ‘cheapies’ when presented is undeniably frustrating. Yes, some flags have waived & warnings have been given, but there are still people here happy to enjoy the beauty of the water even knowing the possibility of a shark sharing it may result in that water turning red. It is not unlike most other tech companies throughout their history where initial take up is slower than hoped, then bang a large pump, then a retrace(often substantial), then in time significant acceleration in share price. Repeated time & again. Decision is do you try pick the peaks & troughs or do you wait them out.
@mondyinvest makes a good point… after all the presentations & roadshows & demonstrations, if the tech is so good, then where are the local investors in Oz ? Have all the bridges been burnt here? If so, is it due to our a particular board member, his reputation & his mates? Is it our products are no good? Or is it that the Australian market just does not understand tech & we need to better promote to the US & other countries that do understand? If it’s that,
then this Edison Group announcement may well be a master stroke, (not unlike that CR) which while frustrating as it has been, lets be honest was conducted at a substantially higher price than we currently would’ve achieved any time since.
Its my thought that its more hesitation for many to commit until such a time as the next couple of quarters (hopefully) reflect continuation of last quarters promising figures? For what its worth, its my expectation in approx 6 weeks from now we will see the result of another very solid quarter of income, with (compared to last quarter) a highly reduced expense amount. If so, this will grow cash in bank and reflect steps toward profitability from the combined business units. Then we need the same to happen for the June quarter. Remember, management have stated they intend to double revenue year on year from here… so 20M, then 40M, then 80M, 160M by 2025. Ambitious absolutely, unlikely yes, but still possible. Time will tell.
On the remote chance that in a few quarters from now these numbers turn from more than just hope to likely that’s when this gets serious & the rerate will truly come. That’s why I’m still here even knowing there are potentially numerous other less risky opportunities out there, but most of which (if not all) IMO do NOT bring the potential reward I believe VR1 will in time.
Important to consider that no matter what happens in the world with wars, inflation, covid and stock market crashes,
the internet (in time the Metaverse), education, health, training, gambling, defence & military, real estate, media, etc are all here to stay. Amongst others,
all of those industries we can help assist. The opportunity Vection presents most any client in any industry is immeasurable. The transition to IntegratedXR is not intended a distraction as some suggest, on the contrary I believe. Its rather more a clever move to simplify the extended range of offerings we have and to re-inforce the ease of just needing 1 specialist supplier to assist enter this new XR world for many who would otherwise feel overwhelmed.
The recent expansion noted by way of advertising for numerous new positions within the business units reflects growth. You don’t expand this quickly if the work is not there IMO. While we sit here in our armchairs and watch the movie, the Vection team are producing & directing it. Lets give them a little more time to progress on the masterpiece we bought into when they first pitched it to us. Anyways, DYOR, could well still be a flop and go straight to video, however on the chance it is academy worthy, then its well worth your entry ticket IMO only. Stay strong guys. Listen to all sides. Be respectful & hopefully lets get lucky. Remember to go a bit slower than planned and hopefully everyone will get to enjoy the ride
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