Share
2,239 Posts.
lightbulb Created with Sketch. 574
clock Created with Sketch. 03/02/18
09:07
Share
Originally posted by Nanday
↑
When this trades again, my prediction is volatility, and lots of it. There are two forces at work here, one coming from the negativity of sentiment promoted by articles in the media. And the other side of the coin is that $4.00 elephant in the room. It did a CR at that price, and now rumours fly about offering it for sale - they will be looking for more than $4.00 and substantially more I would say, why else do it? They are cashed up and can battle on, they have new customers in the pipeline. I do not for one minute believe that they have lied about every single customer and their 4c shows they have growing revenue. So I can see major dips and then a push back up, maybe even close to $4.00. News will be King, it will push and pull this stock. Perhaps a good trading stock if anyone has the stomach for it.
Expand
Just cause Fidelity is dumb enough to buy it there doesn't mean anyone else is, especially an informed corporate. fidelity will take what ever they can get rather than suffer an even bigger loss, fire the analyst who recommended the investment in the first place and move on never to speak of it again
