RE: Boom16 Jun 2018 17:21
I totally agree with you. This share is very high risk. The bod have made a huge error and have been very lucky to get away with not loosing the company.
Put that aside now, and I believe the bod realise how lucky they have been and are working their arses off to make this work.
The company is going to hinge on whether it can produce enough capital to become profit making in the next few years or not. Make or break basically.
On the plus side:
Audioboom has massive potential in a sector which is growing very fast.
The company has said in the last report it has enough capital for the next year and further.
Allowing all podcasts to be uploaded to Spotify is a fantastic move especially with the API (application product interface) which will allow users to upload their own products.
All podcasts going to be uploaded to Spotify, where previously only 1% has been uploaded and that 1% created 10% of BOOM sales. So 100% will be BIG.
The signing of the F1 - Beyond the grid is also massive. F1 being the fastest growing sport brand on social media platforms.
Launch Series of International Advertising Sales Partnerships with exclusive ad sales agreements with advertising agencies in Australia, Canada, New Zealand and the UK.
Commercial agreements extended with Spotify and Starburns Audio.
So, lots going on. Huge mistakes in the past and still very risky, but potentially the company could be massive.
I certainly would not risk large amounts of money here, but small amounts at a low price which is lower than the last BOD buys and lower than the recent 3p placing.
gla