RE: Some7 Mar 2018 10:19
1, 2, and 4 hour charts look good! Are you joking? Biggest load of drivel I�ve ever heard. This is a punt�..pure and simple. And we will be very lucky to see a return. I�m pretty sure most who speculated here were hoping for an AIQ or OBC style rise in anticipation of a target being acquired. Unfortunately that hasn�t happened and it�s doubtful it will at any point prior to news. As such, most are under water now and either waiting or selling at a loss. It looks highly likely it will drift towards cash value until the news lands (if it ever does). Then � as SteelAngel says � we will be exposed to the dilution of the RTO, which could indeed wipe us out (for all intents and purposes). The company backed into the shell will want shares and there will be an equity raise as part of this exercise. If they end up adding 100 million shares to the circulation we�ll need 10p just for a market cap of �14m. Problem is that no blockchain companies are really making money yet so we�ll need something pretty awe-inspiring to see a decent return. I�m hoping that whatever the RTO is, it takes the SP to the 30p mark. Probably the best that can be hoped for in the medium term�..when is the question? 6 months+ perchance.