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wow what a treat to start the day, jsut looged on and seen this, happy as larry, this has given me great confidence, but the Sp up 2P? how can that be possible, this is a bargain at anything under 50p right now in my eyes!!!
Couldn’t have summarised it better dallo. I think this spot in for the current state. We need to see some real deals and big revenue in the next few months or the warrants won’t triggered and I am concerned they will be in a risky position with cash once again. But we start to see some tangible sales I can’t see why this can’t hit the ipo price within days.
Enet mentioned https://www.openpr.com/news/2115617/global-ethernet-controller-market-size-industry-share-growth
but unless there is a 10m deal to be annouced the small deals we need to hear about to ensure they have enought short term cash to survive the time to close the 10m+ deals. Smaller contract wins are just seen as cash flow protection in my eyes and thats what they need to show us. The market needs to know they are cash safe for so many years and can now just focus on closing the big 5g deals.
if we are not over £1+ by then I will be gobsmacked and have to admit this will be the biggest wrong call I have ever made, what worries me is that only a few LTH seem to see it and the rest of the market don't see the bargain and 20x growth that I am expecting. Would like to see another contract win in the next month and to be back over 30p+
being selfish I would really like the SP to stay down here for a few more weeks, as I am locked in to some spreadbets at the moment, but as soon as I am out I want to make a substantial buy if still under 20P. need a few weeks to turn my SB's around though.
levi breifly mentioned, nothing of weight though
https://www.ft.com/content/6d77f69a-cd52-4f1d-b8c8-86b5df2ca689
Someone made a very good point that the cash rasied isnt even enough to see them through profitablity which is a very good point and why you won't see any major investment here unless they surprise us with a big contract win with upfron and immediate payments to cover themto at least H2 2021. I also agree that releasing shares at 12p screamed out major desperation and was a plead for help or die. They wouldnt have gone at that price if they new that had some short term news coming. GLA.
those warrant terms though only get us back to when we thought they were a total bargain and we had finally hit the bottom and surely it's only up from 30-40p from here with many of us sitting with an avg around that mark. So we need 57% SP increase jsut to get to 30p, it's going to be a long wait or we need some gigantic nrevenu news to get to the multi £'s we have all invested here for.