With the projections on IOT in general I think the acquisition there is actually extremely prudent. Chances are I'd have considered investing in that company had they been the one listing on the ASX. The machine learning concept is excellent in my opinion and the way of the future. The issue for ZYB at present is really just that it's still very high risk until we hopefully get the word that the trials were a resounding success. If they do and we can nail one client with the sorts of sums they are talking about the current market cap will seem beyond generous. Of course you should all notice for the time being it's all subjective on 'IF' which along with 'long' (yes a couple months is LONG on the ASX these days) waits for the news is likely whats has caused the share price to get punished.
I took advantage of the price at 2.3 yesterday and if it goes lower than that again I'll more than likely consider one more small top up yet.
Good luck everyone.
ZYB Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
