Anyone fancy doing a sentence or two on the state of play here these days - I've read back a bunch and got the gist but if someone can wrap it up and put a bow on it for me I'd appreciate it - cheers ;)
I'm optimistic it will. That would be a massive catalyst here. I know some on these boards were dubious on the timing of an August IPO, but I personally was disappointed it didn't happen as I felt the ATHs and risk appetite at the time trumped seasonality factors. I still think the same is true of now, with the Nasdaq still only a few percent off its ATHs. I think the revised SEC filing with the update for the inclusion of European investors might hold some of the answers to the delay.
I'm hopeful it will be an exciting month on the IPO front, as well as the markman hearing on the DT case. While the former is a more recognised value driver, I think the latter is a massive wildcard. AMP is trading at a sizeable discount to its NAV, but the DT case has little to no NAV value on the books. Yet, millions upon millions have been ploughed into it. By a seasoned team and highly experienced BOD. Any remote continuation of favourable outcomes could catch the market massively off guard IMO. GL
Yup - I am leaning towards your view that it is the estate selling .... maybe to meet Probate costs? Selling low mitigates the death duties? Dunno. Anyway, good news today on the issuance of the MTFB shares. Do you think we might see MTFB's NASDAQ debut this month?
GFD, the seller is clearly unperturbed by the news on the horizon - there is no rhyme nor reason to their dumping..only persistence. The one theme seems to be that they are much happier offloading in the low 3s than they were at the high 4s & early 5s. It is therefore my suspicion that it is the JM estate, as such behaviours do not resemble that of a seasoned investor. Either way, its neigh on impossible to sustain any sort of rise here as the seller seems to have few days off. Only truly good news on the fronts you noted should see this break the current shackles.
They're just as likely to make an offer for Datatern as throw in their hand if the Markman ruling goes against them. Now that we have non-recourse litigation funding in place, they'll think twice this time around.
I do find it strange that the big seller persists with both Datatern and MTFB news imminent. Oh ... and m2m of course !
No, he's living in the real world of economics. Past investment should never cloud decisions about the future. It's often called the "Concorde Fallacy" if you want to look it up, but it might as well be called the "amateur investor strategy" since so many of us find it hard to let go because of all those losses in the past. We know however, deep down, that that makes no sense.....
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