RE: Purchase26 Aug 2024 18:55
Stock is illiquid & a traders dream (when it can be traded) the bod have a clear plan to achieve $2b aum next year, they are not interested in the daily sp & have said that, they are interested in building the company to the point where it becomes saleable, there is almost 80% of the total stock owned by lth. Comms are non existing, they have said they will rns anything that requires it but apart from that they are focusing on building the company, they are getting attention in the city with saleable assets put forward to them but obviously this takes time with dd etc, remember this is the main market not aim & regulations are a lot stricter so obviously takes longer. They had over $7m in cash & I expect that to be a lot more as time progresses. No need for a placing to purchase an acquisition as they will refinance an existing vehicle. Patience is the key, obviously the guys are working hard to achieve the end result & I think the results will start to become visible soon. When it moves, it moves fast. Not ramping but my point of view, I've been here 6 years & am expecting results soon.