RE: Why?24 Feb 2021 11:27
Anyone who day trades does so with a high degree of risk, yes we want this to shoot to the moon and all be millionaires, but reality is nothing ever goes up in a straight line. this has only been on the market for a little over 2 weeks, like many others have said, what has fundamentally changed ? nothing, I'm holding this for a minimum 12 months before I ever consider doing anything with it. The master sales agreement signed last week I believe makes MGC cashflow positive as breakeven was stated as 5,000 units per month, initial order is 10,000 units with a minimum of 40,000 units per quarter (That's roughly 13,333 units per month) more than 2.5 times breakeven.
Remember this is for a minimum amount, once the product get's out in the market and feedback from end users starts to come back as positive, demand will pick up. If you can't see the potential in this, then you seriously should reconsider if investing in in the stock market is for you. Do your own research. but once this is picked up by the bigger players it's going to start going up. You can't win the lottery if you don't buy a ticket for the draw !