I noticed the constant selling and the decline in share price. This happened whilst delivering on the 2 projects (WA and VIC). they said they would deliver. I wasn't so much interested in these projects. I thought if there's a market in smaller sized, more localised data centres, then let's watch this company to see whether they can commercialise them, and perhaps build 10 next year, or 15.
So the share priced halved from 12 cents to 6 cents, whilst delivering on both projects, selling all the bandwidth on one, likely to be followed by the other shortly.
It became obvious some longer term shareholders are quite unhappy, hence I fully agree with the liquidity comment above.
I paid a lot more attention at these levels. 12 weeks ago, the company was valued at $10 million. It's now valued at $4.5 million.
Those who have been burnt and don't trust management, leave. I've done the same. Plenty of times. Trust is important. I'm naive to these people, so if things go belly up due to their lack of judgement or poor management, I'll be right there with you.
DC2 Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
