Hi all,
Some of you may have seen this before but I wanted a bit of insight from the STT brain trust on what I may be missing and things that could bite me on this - e.g. opportunity cost of having money held up in the same position for 6 months with no movement. Some crucial research that I am missing etc.
Here's the situation
Larry DiamondPeter Los
Philip Crutchfield
Paul Chapman
Notice of initial Substantial Holder notice x 5https://www.asx.com.au/asxpdf/20190417/pdf/444cqqwk971zhr.pdf
All of these guys brought into the mining shell company (RRE) that became ZIP Money (approx 1 billion mc)
Nvoi (ASX:NVO) is basically a tech shell company market cap of around $12million – they threw out the old board members and the Zip guys came in and acquired approx. 30% of the company between them. I can’t see why they would all be buying in to this company if it wasn’t for a good reason i.e. they plan to announce an acquisition in the next few months.
Everything is pointing to them doing it again with this company.
FYI: the charts below are by @jap356 - big thank you to him.Just so you are all aware, I have been building a holding in this stock for the past few months. Not sprucing it here, i'm sure a few $1,000 parcels from the STT threads won't move the price much... I am just hoping to get some feedback on this investment. Thanks all!
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Hi all, Some of you may have seen this before but I wanted a bit...
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