Seems like they are finally getting a bit of traction, how many more units do they need to sell to start turning a profit?
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Seems like they are finally getting a bit of traction, how many more units do they need to sell to start turning a profit?
.......looks like Mr Market is finally waking up to this one. Wont be too long I believe and we'll see 30c again. Global potential on a grand scale. (well half the globe anyway)
The stock is a plaything for a few as anyone who has observed its ups and downs over the last few years.
The sp gets pushed up in light volume with the release of 'good' news and then gets sold down in big volumes with regularity.
What any investor in this stock is up against is the fact that this is a backdoor listing job, and the purpose behind almost all the backdoor listed stocks (especially with this crowd) is for the promoters to make money and leave those buying in to suck on the cash hungry lemon.
Observe :
1. Company is burning through cash and has a need to continue to raise capital.
2. The directors and management are certainly not putting ion any of their money except via options - they obtain millions upon millions of shares issued to them at 10c - nice quick profit if you can get them.
https://www.nzx.com/announcements/316764
https://www.nzx.com/announcements/315908
https://www.nzx.com/announcements/313773
3. The backdoor listing artist extraordinaire sells down at every opportunity - 14.79m shares to go.
https://www.nzx.com/announcements/314118
Now why would anyone sell their shares in such an outstanding story - unless it is NOT an outstanding story!
........very observant of you Balance, Ive noticed too that happens with every stock listed.......I think it's something to do with human nature LOL. Pretty sure also that every stock listed gets "played" (as you put it) on a daily basis. .....Truscreen probably no exception. Fantastic product (device) fantastic marketing with fantastic potential that's already being accepted worldwide for it's ease of use and accuracy.
Amazing that the number of positive post from new Sharetrader members, imo LACKEYS to the TRU beatup, , please IMHO all read the history of this outfit and see the company for what it is .