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20/03/16

13:46

Post #: 17321388
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Originally posted by accaeric ↑

If you thought 1PG not worthy $1.2 just after few months sold at $4?
Wonder what was the reasoning of holding up to $4?
If the company was so bad, would be sold at $3, $2 or less.

1PG share price did get ahead of its performance which is quite common that lead to turn into bearish at that time from me.
But at current price, I strongly believe it will bounce hard.
If they did not push price low enough, they would not be able to get millions of shares at such price, that’s just a part of the game. They'll lift price and the retails turns positive, they'll take profit, this has been happening all the time.

For BRN, I have a similar view as PSY while it was hyped over 50c, BRN has E/V of $147m which is higher than 1PG, with no revenue and still at very early-stage, as you have access of broker data, i have no idea why BRN would have a higher valuation than 1PG.

That's probably where the opportunity arises.

All imo.

Expand

BRN deliver on promises ahead of time. 1PG hasn't when you talk about being at break even last year.
Burn rate of BRN is much lower than 1PG. 1PG raised too much money which says break even is a long way off.

The longer M4 takes the lower BRN will go. If 1PG report fantastic results and if M4 takes too long, 1PG will be worth more again.

1PG Price at posting: $1.23 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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