It's certainly getting exciting/nervewraking for early purchasers like myself with CGT discounts due to be locked in over the next six weeks ... selling pressure will always be there on a run like this, but i think this has shown great resilience given holders were bagged on these threads from pillar to post when the company was valued at a mere $8million marketcap. No surprise the bagging still exists now it's a lot higher.
One thing to remember, I got aboard here when speaking to the Americans when they first landed. They were absolutely convinced (at a very difficult time in world markets) that this product had cut through and revenue potential once placed on a smartphone platform.
They were convinced that mobile health monitoring was an untapped market that would grow and grow.
They were convinced that the IP portfolio, although neglected could be grown to encompass several company making products.
They were also convinced - and here's where it gets interesting given recent share price gains - that the IP and the technology would unlock a big takeover premium. Figures of $200m-$250m were mentioned ... all this when the GFC was in full swing, they were on the knucklebone after years of poor management and no one wanted to listen or buy stock. What do they think they can sell it for now I wonder?
These guys are true believers, they seem to have convinced a few deep pockets they were fair dinkum and that the Ip and the tech has value way beyond what the market is already seeing.
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