RE: Nerves Frayed - Sold Out18 Aug 2020 19:50
I don't blame you Kuschall and felt the same about the dramatic increase in Mcap in such a short space of time. I was not a LTH, but was lucky (and it does require an element of luck in my opinion) to spot the opportunity and to be able to take advantage over the past couple of days. Like you, I will keep an eye and may well enter again if I feel that the SP returns to a sustainable level, but this time as a longer term investment. I normally have little interest in trading over short periods but each to their own.
I would want to see, among other things, accounts and a financial analysis of the revenue deal from Triller, to gauge what proportion of the business is coming from this particular client and to be able to see a diverse customer base past an 18 month contract. This may be a fantastic business that I want to invest in, but too many unknowns at the moment to justify what has happened in my opinion (and that is all it is).
I have also said in a previous post that I am convinced that many people, some of them obviously new or first time investors (as they often state this in their posts) may have been influenced or carried away by the praise and enthusiasm on this board about Triller. This business is not Triller.........................it is 7 DIgital, who happen to have Triller as a client for the next 18 months. It may be that the deal regarding usage payments is a good or even an excellent one...............but we don't know at the moment.
Use common sense, do your own research and if it's too good to be true..........................................