SLI Systems

[Santiago]

Let us know the response, if you get one!

[couta1]

Let us know the response, if you get one!

Will do and won't let it rest until I get a response, I see they issued a whole lot more options last week

[BFG]

Will do and won't let it rest until I get a response, I see they issued a whole lot more options last week

Nothing you can really do about that if they are employee share options, they have a right to it. Remember, SLI has been around for a while and those older options will be well out of escrow by now! A lot of companies list to get liquidity in so employees/directors can sell out these days. An unfortunate, but necessary, part of the market!

I see the latest have a 1 year escrow and is "only" 200,000 options, so not too bad.

Here's the current rundown on shares:

60,926,672 listed ordinary shares

507,526 unlisted redeemable shares

6,218,402 unlisted options in total

[Baa_Baa]

Well, the interminable decline continues. At 9c off the all time low of $1.00 and that being 33% off the IPO and $1.90 down from the high, SLI seems destined to test everyones patience. Assuming this continues down to test $1.00, a double bottom, that would be pivotal ... especially a breakdown. Scott thought people would be "mad to sell at $1.15". It seems there's plenty of madness to go around.

Does anyone have any updates on what's going on?

[BFG]

Well, the interminable decline continues. At 9c off the all time low of $1.00 and that being 33% off the IPO and $1.90 down from the high, SLI seems destined to test everyones patience. Assuming this continues down to test $1.00, a double bottom, that would be pivotal ... especially a breakdown. Scott thought people would be "mad to sell at $1.15". It seems there's plenty of madness to go around.

Does anyone have any updates on what's going on?

Until those allotments stop, either by choice or a big buyer buying in (think Xero & Wynyard), and profits start being made, investors will treat this company for what it is. A loss-making company listed for early holders and employees to make an exit with great gains.

Sentiment is everything, and investors aren't willing to take expensive shares off cheap holders. Until that changes...

[Baa_Baa]

Until those allotments stop, either by choice or a big buyer buying in (think Xero & Wynyard), and profits start being made, investors will treat this company for what it is. A loss-making company listed for early holders and employees to make an exit with great gains.

Sentiment is everything, and investors aren't willing to take expensive shares off cheap holders. Until that changes...

Very insightful BFG, I hope you're wrong but think you're probably right, I can't see a big investor, or two, buying in anytime soon (maybe wrong, but ..). An ecommerce search engine is a bit esoteric for many and completely incomprehensible for most.

What it boils down to for me, at the moment, because I do understand what they have and are doing (and no I'm not even a "young un" ), and I know they have a good solution in a massive market, is whether $1.00 or so now is reasonable to continue to accumulate a position for the future. That's not a question by the way, it's just my problem to work through.

On face value, SLI is 30% or so off their IPO which many thought was reasonable at the time. History may prove the current price to be very reasonable, cheap even if Scott is correct, but history is made by the future and there's no point in buying something that seems to only exist to exit cornerstone investors, who ironically and upsettingly are the also the brains who actually made the solutions and the company's success in the first place.

I'd like to hear from Scott I suppose. I'd ask him the question 'why should I invest in your company right now', and I'd expect a better answer than 'I'd be mad not to'.

Putting it out there ..

BAA

[couta1]

Email just sent to Shaun Ryan re my frustration as a shareholder and suggesting some solutions including your ideas BFG.

Hi all, ive been a bit slack I did get a reply from the company about a week after sending my email re my concerns as a shareholder. Basically they are focusing on growing the business which on all accounts they are doing quite well and picking up several awards along the way. The CFO informed me that options must be exercised in appropriate time windows and staff must seek approval before selling any shares that are received as a result of exercising those options, they also work with brokers to facilitate off market transactions for staff. Re an ASX listing they couldn't make a public comment at this stage but are looking at such opportunities. IMHO the business has continued to grow and expand and hasn't really put a foot wrong from an operational viewpoint so I'm looking forward to the next financial update but the subdued share price is very testing due to its prolonged nature. Disc- Holding and waiting patiently for a turnaround

[winner69]

Heading back to $1 again.

That looks the floor but SLI still on the watchlist hoping for something less than a buck

[sb9]

Heading back to $1 again.

That looks the floor but SLI still on the watchlist hoping for something less than a buck

Below $1 mark now, $.97c to be precise with not much support in bid side, interesting times...

[winner69]

Below $1 mark now, $.97c to be precise with not much support in bid side, interesting times...

Don't think its ever gone below a $1 before ....ouch