Tomo12 Jan 2024 09:04
Well stated Tomo.
Angle have an excellent product but in a complicated and multi use market. Contracts are won via , market awareness, trial, results, advertising, referrals and hard work. They don’t come like selling sweets. based on the nature of the market, it cannot be easy to make cash flow projections to which the directors would be accountable. I.e. damned if you do damned if you don’t. Clearly They are trying to build a profitable and very successful business, which could help millions of people, but this is likely to be a long journey. In 2008, I invested in a pharmaceutical company called Verona Pharma (VRP) and At one stage, I thought I was going to lose all of my investment. The company had one main product with one main market. 13 years later, I finally was rewarded for my patience, albeit overextended. My investment was diluted on many occasions, but I always believed in the product. Patience is Required!
BUT solid progress must be demonstrated by the company and in this case, we are slowly seeing it.
Hopefully bigger players will see this and invest.