Im quite happy today that we are still suspended...
-Most of my watchlist today is well in the red, some taking big hits. This are also stocks I might have been tempted to invest in, thinking it HAD hit its bottom. Yet, down they keep going.
-On the news (if you want to listen to the media) they said the ASX has closed in a Bear market, something that hasnt happened since the GFC, so alot of $ are still being pulled off the table
-With that in mind, I would prefer not to give larger houses the option of pulling money off the table for VNX. If it takes a few weeks to relist, i think thats a few weeks closer to when the money makers want to get back into Bull market mode IMO.
Concurrent to this ( As noted by others ) the tech development of the App can continue regardless, less the seed $ allocated to it in the CR.
-Many of us are investing (pre-consol) in an already cash positive company but... Im sure the volume we have invested is because we want a share of what the app can bring in future value to us. The current Vonex business fundamentals (for me) is the security that this isnt going to be a blatant pump and dump, there is some substance behind the hype ( that some here like to remind each day).
Re:CEO credentials:
-So what? We dont need her to know how IP, telecommunication bandwidth/data rates, server farms or cross platform coding protocols work. Thats what Angus is for, and he is doing just fine.
-Its a product to sell and make a profit from and be administrated. Coming from the banking sector, im sure she has been caught up in a ton of bureaucratic filth to file paperwork to provide corporate governance.
-Her track record is going pretty well so far, why not let her keep tracking as she currently is. Its a small team at the moment, they all work together well.
....Dont mess with a good thing / If its not broken, dont fix it
Thats my $0.02, if you need me, ill be out the back having a smoke
AWD Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
