Fact Finder
Top 20
Yes in this bubble there is knowledge that leads to belief what a shame.The timing and structure of the last 4c was unfortunate. It created a lot of uncertainty. People need to remember everyone aren't true believers like we are in here. We're only a small micro system of shareholders with our own investment strategies. Don't let your thinking on what happens in the real world get trapped inside the TSE bubble.
Extended evaluations, decreased budgets, delayed introduction of new technology, these conditions have created a headwind in the CEO statement followed by the next paragraph under "Financial Update" US$24.6m in cash compared to US$28.4m in prior quarter, receipts from customers of US$0.1m a decrease of US$1.1m from Q2-22 only reinforced the CEO statement in a lot of investors minds creating a lot of uncertainty.
Unsurprisingly, the large drop in share price reflected the uncertainty. I've been patiently waiting for this opportunity unsure it would ever eventuate. I'll be buying again today for the 3rd day in a row.
The thing is the world is full of people who look for gas leaks with a lit match.
I am afraid to say it but the world is populated by people who have no idea.
A company with limited resources should best devote them to its strategic plan and leave the hand holding to large successful companies like Berkshire Hathaway and Amazon but wait that tactic did not work for them either.
Warren Buffet & Charlie Munger are World famous for their investor Q&A held in a 10,000 seat auditorium but despite this and making a profit they are sold down.
The bottom line is most retail will pour water into acid and complain when it spits all over them despite the fact the pool guy told them never to do it.
If you are buying shares on the stock market without doing your own due diligence the only thing to say is you are a fool with money who will be soon parted from it by the likes of MF and others. TSEx bubble or not.
My opinion only DYOR
FF
AKIDA BALLISTA