Didnt anyone learn from 1997? Dont say I didnt warn ya.
Printable View
Didnt anyone learn from 1997? Dont say I didnt warn ya.
There were always other suppliers of similar software on the market. To project that sales would be as they described was unrealistic. Especially in a fast-moving environment. The money raised was targeted for promotion of the product in Europe.......thank goodness for discussion forums. It is relief not to be involved, and I also believe they will drop further.
I agree with you Starpath. You must have good knowledge of the IT industry.
Are you missing something. For every $1 in sales, expenses will be $2. However, they have a smart accountant who will capitalise most of the expenditure. There is nothing like the good old balance sheet.
If you do not understand what I'm saying just have a read up about a little old American Company called Enron.
Infact, someone's brother my have met a few of the Enron guys when doing time in the States.
Note -The above posting is not factual and for entertainment purposes only.
Just a quick comment. There is not 90cps left because the remaining cash balance now belongs to the 75% of company investors as well who weren't part of the float. Will be more like 90cps*24/104 =23cps left. If they distributed now the figure would be higher because the cancellation of some shares under the agreement with pre-existing shareholders.
The result would be around 30 cps.
Im talking about the 'honourable' thing to do , not the 'technical' position Twinkle , there is clearly an issue of non-disclosure here , and I believe the sponsoring broker is largely to blame for this.
Misc
For those individuals who missed out on this heavily "over subscribed" offer, now is the time to jump in at very cheap prices....although not if you take the good advice above.
Making something sound scarce and desirable creates demand, so I suppose it it only marketing. Reality, value and potential have little to do with it. Throw in the non-disclosure and as well to add further flavour.
I'd get out now while there are still some bids if I owned this stock (never owned it!) - can't say anymore as legal action has been previously threatened and my earlier post(s) removed from Sharetrader.