At 23c, this is about ready to buy into again. For me, it would be another short-term trade. I've still not seen any evidence that GSW has a viable business: the idea is not novel, the space is incredibly crowded and the free trails have failed to attract any significant paying clients. At the scale GSW is/was attempting, the business appears to be a complete failure. However, it's currently at a big discount to the cashbox. If ASIC succeeds in shaking up the Board, there could be some value unlocked over the medium term. On that basis, I might come join you all again.
GSW Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held