Yep agreed. Long term who knows, and may challenges on the way,...

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ChrisWR

752 Posts.

24/01/16

10:25

Post #: 16858328
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Originally posted by heraclitus ↑

Hi Chris,

I don't really have too much more to add than the couple of posts i made Thursday. Regarding members with different opinions; HC, like most populations, takes the form of a Bell Curve; most are in the middle, trying to learn and share ideas. Then there's a % at either end, who are either intent on antagonising holders or trying to justify their investment by attacking anyone who poses reasonable questions.

All depends on your investment timeframe really. We can say for certain that MW has been a reliable creator of s/h wealth on a ST-MT basis. On a longer term basis, creating a successful, profitable business from not much more than a concept is a bloody hard thing to do, hence why it's not achieved very often by anyone. ZIP and NXR are a long way off and VTX, the jury is still out. Fintech itself is a competitive and capital intensive sector, which is why i said you need to factor in further substantial capital raisings, minimum $10M, I'd say. I worked for a large funds manager once upon a time and saw first hand how difficult and rigorous the pitching and conversion process was for fledgling vendors trying to secure new clients. DSX.ax is an example of just how difficult things can be. It's been a lead balloon since backdooring through the Aviva shell, a couple of years ago. This one might be different or it might be the same - time will tell. I would imagine, many SRT holders here will have been holding from earlier days and will be happy to take 2-4 bags if it gets to say 4c. That's probably what i would do too, based on known information and typical trading of RTO stocks.

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Yep agreed. Long term who knows, and may challenges on the way, but I suppose I was looking at the rationale as to why the vendors would take such a deal.
Cheers

SRT Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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