I tend to agree, rivella. If I was given access to the placement I probably would have taken a little off the table this week. My original investment thesis still remains however and I'm still targeting 12-15c
I'm reasonably happy with how they're using the funds. The in-store-stores sound like a quick way to expand the network with relatively little capital.
In a month I'm optimistic we'll see an encouraging set of numbers for the previous financial year. The MNC and education revenue should feature in these. Perhaps a few more contract announcements and the share placement at 6c will be a distant memory.
SRY Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held