Thankyou R7 this was similar to my train of thought. I welcome madanglighthouses comments as they speak truth and thank him for providing insight from what is clearly lengthy experience in investing. The market was ahead of itself at 16c a share for a company that hasn't arrived at success at this stage but I don't think this price is beyond reasonable. Personally I think they are on track to achieve this successs but welcome the opportunity to inrease my holdings with the downturn in the share price.
From my review of previous 4c's, the last 3 4c's have shown growth 100% quarter on quarter. If the next quarter shows a revenue of 180k (a further increase of 100%) it will demonstrate with an increased level of confidence towards exponential growth with low input costs and a trend towards cash flow positive, which is something to be excited about. Considering the potial upside one year from now (I.e. 2.8m/quarter). I personally am very thankful that upkeep costs have remained low comparative to revenue over the last 3 quarters, which in the extreme micro cap sector is not easy to find. This is further to comments about the lack of capital raising previously which would have led to an increase in upkeep which to me at this stage would have spoke of inefficiency and increased dilution which would not have been beneficial overall.
As per madanglighthouses advice I will continue to buy as the story improves. I am impressed with 3dp's management and steps they take to improve their business prospectus.
If someone can point me to a micro cap with this potential of upside please do, as long as it's not another **** hole in the ground out god knows wherever.
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