Yes this is a competitive space but let's not overlook the first mover advantage PIE currently has and as we know the Board and Management have a solid history of success and I can't see them moving in on PIE simply to experience failure.
My reading of the situation is the Telstra deal is done and will roll out progressively with manufacturing costs covered by some Telstra advance payments and the WiFi side of the business should provide cash flow quite quickly so we may see another CR but that should be it.
My gut feel is that the SP lows are now in so anyone entering or topping up at this level should do very well because given a couple of positive announcements and some cash flow the current SP will be consigned to history.
My ramblings are not advice but as always
I'm Excited
Toski
NWZ Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
