It's probably no worse, or no better, than selling lotto tickets! Don't gamble with money you can't afford to lose.
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Suggest others others read from page 45 onwards of prospectus.
Over $86M cumulative losses.
Recent cap raise at 10 cents with Sorenson in large.
We all know where the SP hike early on has come from. Very reminiscent of Snakk!
Play with fire...
$7.6M of their $11.6M "assets" are intangibles?
How much goodwill does Sorehead give away these days?!?!
So reading between the lines ( of a SNK nature ) and if the angles paid .0005 per share for their last round of shares that they will start dumping sometime soon as , to my knowledge there is no condition in place preventing them from doing so, but if there is a C R then that will put off that happening until post C R .
With this in mind no one but NO ONE should want to touch this "investment " until the S P has returned to some where near its true value and guesses as to what that is is ...... ?
How much did you say the losses were up until listing ?
From page 11 states FY14 resilts as being:
Sales - $19, 000
Loses - $1.5M
Accumulated loses of previous entity were $86M (page 45 onwards).
The "Limited Disclosure Document" is really quite the opposite; quite revealing.
I haven't had a look regarding lock ups yet, but if there are none (which I would not br surprised at all if there weren't any!) then we all know what's coming with Sorenson involved.
Folks, please save your time and money and invest elsewhere. I cannot stress this highly enough. I'd like to save everyone the pain of another Plus SMS/Aquaria/Snakk debacle! :)
C'mon BFG - isn't the $2m plus forecast npat in 2016 the number to focus on?
I see I am now the proud holder of 482 of TRU from Claridge days.......$67 less brokerage = $37 perhaps good for a few coffees...
I suspect the same Wellington boys who called VML (another Sorenson investment no less!) the "penny stock of 2014".
The only winners here will be the pre-IPO investors (35 in all I believe) who got in at mates rates and are ready to dump on que. And we all know where the SP ends up once the dumping starts...