Right now ISN could not get a whole lot cheaper. Too much further fall and she is worth nothing.
The cap raising most recently has left an over hang on the stock but it does noe have over 5m in cash to fund it for the medium term future.
ISN has a new management team and our fortunes are largely tied to their efforts to bring the wheezometer to market. Things have been depressed here for a long while but things may be about to change with discussion currently centred around 4 strategic partners for US distribution.
EV is about 8/9m currently. With the current team we are backing them to bring in sales through the door. If anyone can do it I think Mike can.
There are a lot of disgruntled holders on this one and burnt toast also but with that comes opportunity in any given share cycle/ life.
I am rolling the dice for opportunity of big gains in the future. With markets stabilising and ISN cashed to at least 2012/2013 I am happy with this risk I do not see mush downside from here.
But I guess I do see large upside. I wait.
GL folks and remember to be patient sometimes.
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