Everyone will probably read the title of this thread and think it's another bear party campaign (been in the bear side for a while). But sadly given the circumstances with the sentiment on this stock and now the presence of 'more down-rampers' than ever so faithfuls. We have to present a reality check for the bears too:
(1) The stock should have never traded at those prices in the first place, those glamorized announcements came with disclaimers like "potential" or even a disclaimer statement at the bottom. People were too enthusiastic about the prospects. Its akin to speculative mining companies posting we've hit the mother load of discoveries in BOLD FONT when they dug one hole and extrapolated across a whole area.
(2) Fidelity ironically is what will keep this company afloat, their capital injection will give sufficient time for GSW to prove their eventual worth if they can demonstrate it. Even the bears are posting rubbish in the thread which is disgraceful, when the bears are more bearish than the AFR. Its a bit scary even the AFR acknowledges they have years ahead. Without Fidelity on the register, there would have been life support placed on the company already so for holders you have to thank them for giving opportunity.
(3) Class action - fairy land dreamers thinking they will recover their money back?. 1-Page announced $ value in bookings which never eventuated to cashflow or revenue so I would consider that even more misleading and YET they didn't get sued. GetShifty published 'delivery projections' as potential or with a caveat... similar boat, different Captain. All the BEARS saying the class action will shut the lights out of the company, give me a break, when has that ever happened apart from a company already crippled with debt and dying on its own accord. If it was that easy, no company with any sense would publish any guidance or statements since there's only downside if you under-perform, zero upside if you outperform from a regulatory perspective. Worst case scenario, gets settled with director indemnity insurance...(unless they don't have any which is unlikely - a court is not going to bankrupt a company from a class action. Sorry BEARS so no more of those one liners unless you have case law to point to then my deepest apologies for being ignorant.).. A class action unless settled early will take years in court --> 4 years?. By that time, the company would either sunk or floated.
(4) Cash bleed to death - the ONLY bear case scenario (BARRING OUTRIGHT FRAUD) - similar to every other tech stock that fades in the background. Every contracts falls apart, they can't improve their offering and systems with their funding....lights out.
(5) This stock is not heavily shorted. Shorting barely existed before Fidelity entered the register because stock was hard to borrow.
(6) Management should forfeit their current performance rights and reissue them in reference to a combination of revenue & profit).
(7) Short-term action will be dictated by what the current institutions do with their holdings, I'm sure they are privy to more information than Hotcopper (private management meetings).
(8) Injured bulls take time to heal, at least this bull isn't laden with a concrete slab of debt....
This ain't Slater & Gorden or a 1-Page. This is getshifty episode one. Lets hope the sequel is GETSWIFT with a vengeance for all the holders.
Everyone will probably read the title of this thread and think...
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