Ha; Other traders will no doubt have their own plans and I was thinking of doing the same with these latest purchases as it bounced hard off my 2.52 entry today but I know any news of further distribution deals could push this to new highs, so I'm in no hurry. Especially with the company announcing further interest here and overseas.
"..build quality has led to securing distribution agreements with reputable consumer
electronics retailers such as JB Hi-Fi and as previously announced the Leading Edge Group. In addition the Company has received significant interest from distributors and mobile cellular network companies in Australia and abroad."
Do I sell these ones after news of more deals is released? I guess it depends on the news and the price at the time.
It's easier for me to hold even when it was correcting because I have one and I know just how good the quality is. First mover advantage with a unique product as far as quality and security are concerned. I think more deals are inevitable.
Overseas deals will be another game changer taking it to another level. We are all discussing potential sales in Australia. This thing passes European standards. Imagine the potential if they get distribution in Europe or the US. Even the highest Aussie sales targets would look modest. I'd expect we might need to see runs closer to home first but if JB sees potential (and I know the quality), then I see strong potential.
