As a substantial holder I feel the hope of 30c on successful flows is way too ambitious. After being invested since mid 2015, the trend here seems to really follow a solid build up to news and a big tail off afterwards. Although I have a sneaky suspicion this event maybe different. As I think many sitting on the sides will wait until results and pile in afterwards. I still don't think we will see 30c this year, hope we do as it will make me a millionaire.
I think holders need to bear in mind that 100-150 is what the board says equals success, thus meaning 100-150 as a result only equals expectations met from a market perspective.
Anything less than 100 I feel we will drop regardless of the reason.
I only feel we will hit 10c + should we exceed 200bpd on the flow. Short term.
A good flow though and all of us long term holders will be rewarded, it just then depends upon timeframes.
Personally as you can see by the name, i'm all in. So i'm waiting on a buy out whenever it comes. I just feel Basinski really is so good he will make this work to the best of it's ability.
All the best guys
88E Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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