Think it's time to start a thread as titled above.
There are quite a number of 'new' posters sticking their heads up - so just to clarify from Ports perspective.
Many of these 'new' posters are probably traders that have seen 20.7c as a magic number, and a guaranteed return. On provision of course that the 'yes' vote gets up.....which is very doubtful.....and getting even more unlikely as the extensions keep coming.
It is highly likely that when the 'NO' vote succeeds on either of the conditions precedent, but at that number, both i predict both conditions will fail, and of course that the SP will dip....but not tank. The fundamentals of the company, the core value, and value of the algos - are still there, even if the BOD are unable to monetarize it.
This will give all of those LT and believers in the company, (but not necessarily the BOD), to increase their stake. Which will give these stalwarts even more combined leverage in the future. This is not a spec mining company, but one with a proven and accepted disruptive product.
So all of those new posters/traders that have bought in at 18, 18.5,19 and 19.5, and looking for a quick profit - only advice is.....should have gone to Specsavers, and actually read through the fundamentals of the company, before looking for the dollar signs in your eyes.
Which is all very good for the LT holders, and the NO voters. As these new trader guys are already YES voters, so the churning is not relevant. All they are trying to do is get out.
Ports perspective #4
RAP Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
