RE: Here we go!!!26 Nov 2021 09:47
The current share price movement might prove me wrong but it s normally a bubble and IMO NNN is not a Covid stock.
However, I agree with DrM there will be a strategy update in the next week or so and irrespective of this update IMO NNN is not a Covid stock or a Nano tech start up.
I was a huge believer in the mask back in the bigger boat days but now don’t believe anything good will come from any of Dr Cave’s nano tech. I have been in and around a few tech start-ups and my experience is, if the first opportunity passes it generally doesn’t come round again, if it does its much smaller and with lots of competition so the envisaged margins are eroded.
No for me NNN has in two key assets
1. A new CEO with a chunky option plan he will want to make work.
2. A strong M&A vehicle inadvertently left by TB.
Duffin is no mug and will know the quickest way to make his share options work is to exploit TB’s gift, doing deals as quickly as possible to build momentum or this opportunity will also pass.
To extend the life of TBs gift Duffin needs to clear more deadwood, bring in new blood and update the market with an outline “trading” strategy to keep the story alive for as long as possible but, the story is only so NNN can execute an M&A plan from a position of strength.
This is the reason to hold and maybe buy some more if you are feeling brave.