@chokdee great post, a voice of reason and very plausible scenarios - one that I agree with. Haven’t been able to post much on HotCopper since our business has picked up tremendously since the virus started, but hopefully find some time this weekend to go through the announcements and previous 2 years of financial statements in depth to look for further clues.
Depending on that, there might be a case an application for 200% of the subscription. Also going to try to understand insto’s appetite for risk at this time, as there may be insto support at $1.70 which ensures the price doesn’t drop under $1.70 because if it does then I may as well fully sub at $1.70 and put a bid at $1.55 for the rest.
It does sound though like local and domestic travel may open back up for November December period, but I also agree that it does not seem like international travel is on the cards - except maybe for NZ (if they also continue being closed to everywhere else except Australia). We’ll be travelling only within countries we know are insulated from the world. Interesting times ahead.
WEB Price at posting:
$2.71 Sentiment: Buy Disclosure: Held
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