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28/06/15
16:31
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Originally posted by forrestfield
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Thanks Gladiator... I don't see a TA as a concern here at all as long as TTV kept increasing. Also the fundamentals are strong for their market cap volume will pick up when the time is right. For now, capital raise at 1.2c will provide us a strong base (raised at this price twice) plus low cash burn rate and perhaps another monthly increase in sales will just push us through last spike. You have to remember so much has been achieved here since January spike.
1. BYOJET shares Is now 55%
2. Consecutive increase in sales for 3 months
3. BYOjet almost profitable...
Any news related to any of the above will push it hard. Also need to remember that this is the first time it will rise without any risk of raising capital. Previously, that risk was hanging like a sword... A beautiful STT opportunity 3 months and this can be worth 3c at least... All my opinion of course...
Cheers
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Reminds me of SMA when it was at these levels. Once they were able to prove continued quarterly revenue then it re rated very quickly.