I actually think this is a good thing they are raising so much. Only because they are actually finally making plenty of sales. I would like them to be well funded enough to aggressively market and go after new clients. Try to get embedded in to as many of these opportunities as early as possible before more competitors emerge. Because software like this once it is embedded in an organisation tends to stick. We could be looking at something like aconex in a few years, in the hundreds of millions in market cap. Yes they raised cheaper than they should have, and yes they ramped up into it. But it was clear for everyone to see that was what they were doing. lots of announcements, insto roadshow, advertising on hot copper. This is a great stock to hold long term now I think. I have been an active trader of it because of the news announcement spikes and cap raisings. But at 7.5 cents I am all in for the hold now.
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I actually think this is a good thing they are raising so much....
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