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Saying that 7Digital is 70% is a false way to look at it. The SP was only very temporarily up at 4.8p following the Triller announcement. It dropped back again so quickly because it was an over reaction based on potential with no known financials. We now know that the income from Triller is in the 10s of thousands per months, as is the fitness bike deal (the name escapes me atm). Only when these deals grow, new deals are signed and profitiability confirmed will we get back to 4.8p and potentially stay up there any maybe above.
A better way of looking at the current position is that 7Digital is over 500% up compared to where it spent a long time at 0.2p.
The link to my last post was removed so, it was on the AskTraders website and the article was written by Simon Mugo. "7 Digital 70% down and here's why".
i have a feeling this will go back quickly to placing price. Topped up to avg down. Company is making money, we has have to wait for the ramping crew to arrive.
My suspicion is that, since the heady days of 4.8p, now that we have had a demonstration of what this share is capable of, the price has been deliberately pushed down. Anyone who has followed this saga over the last three months will now be persuaded that this is a bargain price to get in on this before the next big push. That will come upon the long - awaited announcement of the global tech partner. The next time the price starts to rise, there'll be no turning back so, this is the last chance to attract serious investment. However, this - https://www.asktraders.com/analysis/7digital-shares-are-down-70-since-august-heres-why/ - commentator offers his own perspective.
There is a reason for the SP sliding, it's the fact that there hasn't been any news...
Paul made it clear. The business is moving into a profitable position and we should expect positive/interesting updates in Q4. We are only 3weeks into Q4 with two months and a week to go.
I wouldn't get to fixated with the news element, unless they release something spectacular, the news when it comes could just be small and mid-sized contracts, which if they become frequent, would be just as exciting as it would show growth and appetite for this product.
The share has gone quiet but you're invested in a progressive, now profitable business that is very clearly moving forwards, the SP will too as things evolve.
as the SP continues to slide for no known reason, when is any news going to come along, all the positives from the webinar yet the price keeps going down like a rock in water, come on Paul give us some news!