RE:Bought Deal Not All Bad!!!ScarletSpider wrote: Yes, this does put the brakes on the share value to some extent but the bought deal isn't all that bad.
Look at the bigger picture guys!!!! With the $40 million injected in that allows for more development which may be needed not to mention the way that I see it is to get more institutional investor. If you see series of bought deals it may well be indicating there is an uplisting coming and then I bet you guys will be singing a different tune.
Sure there will be a bit of a drag but when you see the flip side the level of the deal is actually really good $2.50 base price. And as the company continues to keep moving forward there will be more people buying shares so it will be the volume to drive the price again and with developments it will.
What i would love to see for everyone here (i no longer have shares here) is that the planned roll out phases does happen this year as that is the thing that can help a lot--shares should theoretically be absorbed quite a bit and you will have more interest.
As for uplisting, this is a good groundings towards it although it will not happen until the company is in a stronger position and in the driver's seat. They are indicating a 2019 full launch as to my understanding and it is quite possible with the amounts of monies that this company has proven it can raise, working with Cisco and having access to not only their clientele base but also most likely to a lot of their software engineers which will prove huge to get the product to where it needs to be.
So if people are looking for a fast spike, well there was a sizable one from the $1.20-$1.44 sure it hurts when there is momentum that was going fairly like a steam engine but when you look longer term at the bigger picture this is actually really good news.
With this being said, if i was looking at a near term price of $3-$5 yeah, i wouldn't be happy either but then again if I am truly holding longer term than this is actually a huge positive.
At the end of the day, it will all come down to share management, hold a really good core and have a handful to take monies off the table whether at profit or loss that way you don't feel that it is totally tied up and that you don't have control over the prices--nothing can feel worse than that.
It is really how one perceive things whether this is good or bad or whether one has control over their own destiny or not. If you know your strategy and strike points as well as how many shares you ultimately want to own as well as use news like this will not tend to phase you. But if it does try to find the positive in it. The monies is great for development but i think what is more important here is building a base to new blood that will be coming for the shares--just watch when things keep progressing and do your best to manage your holdings in the meantime.
I see good things with bought deals especially when the company is actually growing, gaining recognition, has strong partners. Yes, near term a bit of a drag and momentum killer but overall when things done properly it will be extremely beneficial!
good luck everyone!
True, it's not all that bad. It's only bad to those who bought after the Cisco news last week since after the news the SP was at least $2.66. Sounds like the news was released for a purpose ??