The time of year, the recent cap raise, lack of understanding of the business and revenue model, lack of research into industry changes and how the industry will be disrupted, concerns in relation to delivery and potential cash burn, a lack of understanding on the quality of management, rotation away from small caps to large caps especially finance related, time to realise and rollout product etc etc.
As I have said before the market sets the SP but does not mean the SP is right just that it is the price you are able to transact at at a point in time.
Supra normal profits go to those in early but if course the risks increase but that is when you achieve the highest reward! Ask holders of PLS KDR AJM GXY MCT etc. which are all stocks I own or owned in the last 12 months or so and at least 4 bagged and then some!
If you don't get the LI story you won't get this one !
SYT Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
