a cult share

This share reminds me of various cults which have either brainwashed followers or incited real hatred.

Walt would be an example of the follower and syringe the detractor. These individuals are very much representative of the market as a whole for this share and many like it.

This company has devoured an enormous amount of investor funds, never made a profit, does not have any memorandum of understanding for new market opportunities and continues to offer its laurels in the form of Sydney and Singapore as indications of its potential. Now it asks the question again.

This is a trade and nothing more. In the run up to the rights volatility is guarenteed. Herein lies a trading window. On closure of the rights I believe a figure of 30 cents will be the trading mark. That is dependant on the company offering no new market success for its product in the meantime.

Should a tender be successful in the next two weeks that could change everything. Dependant on the value of the deal of course.

If all remains the same then a range of 30-40 cents is likely following the rights. IMO.