Yep. After such a quick rise from 0.9 cents to 2.4 cents a lot of people will lock in profits, especially traders.
The next jump will happen in early December when services are launched in Indonesia.
At 2.4 cents market cap should be around $40 Mill.
My guesstimate is that it can go to $100 Mill by year's end if Indonesia is launched and first subscriber numbers from Brazil confirming the company's forecast.
So 5 cents per share by year end (or perhaps January) is possible.
Just trying to make a guess about the near future share price here. This is not advice.
K
TV2 Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
