Not so much unhappy with trading, as unconcerned.
While the present volume of trade is low it is not concerning. I personally have been an investor for just over a year and have seen the price rise from 24 cents when I entered to just over 40 cents yesterday. During this time there have been quiet periods as well as high volume days, with the average over the last 30 days at 67,170 per day. As most of the posters on the board are here for the long term a period of low trading is not that much of an issue. We are here for the long term.
Before deriding the company for low volumes it would be prudent to examine the long term outlook of the company.
1/ We have just released the MKR. The product has sold out in short time with orders preceding the next production run. The MKR is nothing like any product currently on the market and has possibilities for use that are far beyond the current advertising.
2/ According to the MKR website other variants are coming on-line.
3/ The release of the MKR has taken us from a R&D company to a company with a revenue stream.Owing to the sales structure which does not rely on outside vendors, wholesalers or middle men we keep all the profit on the items sold.
4/ In just over three weeks the company will be going back to Court to continue litigation with Visa/ Mastercard for breach of Patent. Just as a reminder, this is the largest patent claim ever. The Markman hearings have stated that the Patent does cover contact use of the cards so we have a claim. Neither Judge Nguyen or Judge Fitzgerald have dismissed the case which further supports it’s merits.
5/ The company has built a factory in BA that will be producing Smartcards that have unprecedented security features and should be commencing production by years end. As an aside, the Smartcards will have a much broader scope of application than banking with uses in a diverse range of areas such as Govt ID’s, drivers licences, access control and others.
6/ It is also reasonable to assume that once the current Court case is over that litigation may be entered into with other companies who may have breached our Patent.
So yes, we had a few quiet days. But I am looking forward to a few brilliant years.
OBP.
