Close to the bottom31 Oct 2018 10:42
Been enjoying reading the thread for some time without commenting.
In my opinion we are at a stage where the shares were oversold. Certainly when they dipped below 8 on Friday this was far too low, and if they continue to move downwards as the overall markets continue to correct, followers of VR should continue to accumulate rather than selling.
Engage is the core vehicle for this company. The flagship demos and experiences are merely demonstrative showcases of what their technology is capable of. Therefore the news of the Titanic VR experience launching on Playstation is a minor issue in terms of the broader picture - the share price fall was therefore disproportionate - especially condiering it was already so low.
If you think about it rationally - the company has in the region of 5 million in cash, and its total market value is not much more than 15 million at the moment. Considering the technology it has developed and the staff etc it has acquired, it is hard to imagine its value decreasing any further. If it continues to fall over the next couple of months, I will continue to accumulate.
The company will move from strength to strength over the coming months and years, so do yourself justice and do not cash out early just when you get back to break even, or slightly higher. Remember why you invested in this company in the first place - nothing has changed.