The reduction in price target IMO is due to the loss of momentum, at the time the $0.65 was issued we were in an upward trend and has an aggressive path forward the reality is management have missed a lot of targets that stalled the share price growth.
Then there was the resignation that send us on free fall combined with the lack of progress I can see what there is an updated price target for the NEAR TERM.
IMO if we can get good announcements regarding a strong chairman being appointed a good update on the downloads and usage and some big name partners NAMED (not just alluded to) this will cause a repricing back to the original $0.65 or maybe higher.
If everything goes as we are lead to believe I predict
$0.10 end of August (driven by the appointment of a new chairman)
$0.15 end of September (driven by the downloads and named new partners)
$0.25 end of December (driven by AirPocket results and speculation on remittance)
I also predict a lot of volatility in October and November between $0.15 to $0.25 based purely on speculation this should be a good time for some day trading. We may even see the return of some of the old investors.
DCC Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
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