To say this stock is a disappointment would be an understatement. It’s certainly cheap with an EV of about 3 million but appears more of a lifestyle company. Do management actually go to work of a day and do anything? It’s a legitimate question.
I added to my holdings when I saw Kirke go all in figuring he must know something, eg a deal was on the way like vending a new project into the company. They also brought onboard the ex Macquarie guy as a new director last year. It all pointed towards a company that was about to start dealing making, but nothing has happened and there is no sign of any smart money soaking up stock at these low prices.
For me it remains a hold for now and possibly an add if someone dumps into .005c and a sell if it goes to .009c. I doubt I would want to stick around after seeing how they operate. I just hope something can happen before they burn through the money raised last year.
SER Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
