ODA 3.23% 16.0¢ orcoda limited

SMA is either going to erupt or De-construct, page-3

  1. 4,242 Posts.
    lightbulb Created with Sketch. 19
    Fadi,

    You may know that SMA had a $1.8 million dollar placement to sophisticated (short term gain investors) at 1 cent, these type of investors are not loyal to the company or any company, they are vultures, though a necessary evil to allow the company to raise some much needed funds.

    Even though as you stated the revenues are are increasing.These investors are srambling to get out of the room, and onto the next opportunity, so for the time being the price has been artificially suppressed, until they are all out of the register. If you look at the daily share sales over the last 2 months since the raising, you will find that close to 180 million shares have been transacted

    SMA is making the right noises, their technologies are being accepted in more and more places in china, and believe with that base will take the products/billing platforms to other countries over time.Now as I believe is not the time to be out of SMA.

    Cheers
 
watchlist Created with Sketch. Add ODA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.