NZS 0.00% 0.2¢ new zealand coastal seafoods limited

Target, page-19

  1. 1,315 Posts.
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    I totally understand your point. But the current situation is that we are in suspension while they sure up the deals with customers. That announcement on a spec stock will have huge impact. And the realty is that we are talking about a company with a share price worth 2.4c. Positive announcements push it forward. Tomorrow should bring that, otherwise there was no point going into halt or suspension. The LOI was certainly a massive tick. Their long term relationship with AT&T is a big tick. The top 20 holding over 60% of the registry long term is a big tick. Recent appointments of the leadership team is a big tick. But future announcements securing revenue and partnerships will shift the share price and the current share price will become a memory. That being said, if management stuff up right now, given the massive interest, then the short term view changes considerably. Many people are watching xtv and what may happen. It's a low market cap penny stock that could change like many before. If management deliver then it will be blue sky (and that's not ramping) but if the alternative occurs no amount of positive posts or TA will make any difference. Tomorrow is now a big deal and delivery is essential moving forward.
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