I agree there would have been some stale holders getting out.
Whether to invest in FRY now all depends on your view of the tech market imo. It ticks the box for disruptive.
Ticks the box for hard to quantify value in any real way.
Ticks the box for mgmt with skin in the game.
But... it will also have an mc of $32M @ 5c and that's without diluting for options, which are already in the money. That's not cheap. What did the best of breed tech shells get to in mc at their absolute peak - AZK, VTX, SOR?
The tech startup market is off the boil a little atm too and finding it harder to raise capital in some cases. We saw Yatango today have to shelve its IPO plans, for example and that had reputed mgmt onboard.
Comes down to risk/reward and how much you want out of this one. I could easily see it doubling from here. After that, who can really tell. So much is based on sentiment alone.
FRY Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
