@Cam5 already made it clear he doesn't enter a stock until:
1. It is cashflow positive 2. He can use the product, if its not within his circle of competence. "Software that he's never used before, don’t understand how it works, how easy it is to copy etc." he practices caution. That is his investment style, no point trying to jab it out on him.
Sure he's missing the re-rate move at this stage but he's probably taking a bigger picture style approach. There are some redflags for me as well, like AV1 being able to plug the potential gap of losing the legacy revenue (mentioned in the Aristocrat subsidiary announcement). He may enter when its 50c or $1 when it does show it can generate cash so his investment is significantly de-risked.
For me, I've been in at the groundfloor. But when I see a chart this good coupled with all the smart money pouring in, its too hard to ignore.
AV1 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
