Out of curiosity, how will this company make money? I know nothing about Iot but it seems difficult trying to make money out of controlling a light-bulb. Anyway, the company seems to have $10 million dollars in cash and is worth about 100 million according to my calculations. At 10%, we want revenue to be at least 10 million.
OAK - Oakridge International
- Thread starter Joe Blow
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remember Dot Com?
That was also driven to a large extent by start-ups promising to solve problems the World never knew it had by gadgets everybody had so far done well without.
Have a read through today's XPE announcement and marvel: An app to run on your iPhone so you can play your own music over an FM radio. Woweee! What's next? But then again - if Chinese customers pay for the app, every little bit helps.
From a T/A perspective, however, XPE is approaching recent support for the 3rd time. If 2.8c holds, a few ticks profit could be made. Not many stocks offer 10% in a few days. I'm risking a small lotto ticket
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There goes our last chance of a double bottom. (I'm no longer holding.)
Does this mean the Market is skeptical about the multi-Trillion-Dollar prospects and First-Mover advantages?
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On April 21st, 2021, XPED Limited (XPE) changed its name and ASX code to Oakridge International Limited (OAK).