GREY:CLRYF - Post by User
Comment by
JCMatt60on Feb 24, 2014 10:40pm
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Post# 22245705
RE:So why did you jump in Matt
RE:So why did you jump in MattDon't know how to call the boys in Calgary.
Regarding the jumping in question. After a bit more research and reviewing the basics of the business plan, I was 50/50 on whether Zao could execute the plan as described (including producing some sales revenue) or whether it was a complete pump job with no actual ability to pull it off. After seeing some of the moves (e.g. taking control of the sales channel) and other commentary that there may be some revenue coming in 1H, 2014, I decided to jump in at $.12 if price declined to that level. My investment is less than 2% of my total portfolio and I decided this would be my extreme high risk portion. I'm prepared to lose this investment for the upside risk in the business plan.
Haven't seen anything that would convince me that Zao is anything other than extreme high risk. When I see some revenue, I may change my rating but if that happens I'm sure the share price will reflect that.
Back to my question on previous post. Why the run up in price at the moment? What is going on?