Been eyeing this company for some time but was abit hesitant on the entry as it was likely to fall until the consolidation settled. I'm in as of Thursday and I'm holding out ST for atleast a few weeks or likely longer depending on what updates the company will provide.
Currently sitting on a diluted MC of about 13.8m excluding performance shares which is peanuts compared to fellow tech RTOs in the recent year.
The company appears to have a diversified model with multiple products and revenue streams both currently available and with many products in development and approaching launch..
Plenty of catalyst including updates/progress for the following slides :
They seem to have a savvy distributions team and constantly introducing new partners for a wider distribution network.
I am particularly interested in the 3rd slide of this image where they are looking to release some of their IOT home solutions around this time.
In the last update their viper watch sold 6000 units as opposed to the forecasted 2500 units. It was apparently sold out in coles in a short period of time. Expecting the selfie drone and other watches to hit the market soon to. Selfie drone if I read correctly in previous announcements can be upto 4 times cheaper than current competitor offerings.
Imo keep In mind once these catalysts and updates start rolling in.. I can't see why it can't be pumped upto it's previous highs or at least 5c on a post consolidated basis.
