After some frenetic activity over the last few days (30m+ plus shares traded in last 2 days from 62.5m on issue), PSX looks like it is taking a breather.
Could it go for another run up? Seems to me there is alot to like about their latest announcement.There are alot of big statements made here : * $US22b market by 2005 * 25% or $US5b achievable for technology * potential domination/monopoly of this business * $US1m up front fee * royalty stream expected to be very substantial
and the MOU is with CANON.
Worth some serious thought on the anticipated potential, and at current 16cent price could be a good entry.
Note: I have been wrong before.
Nickd
PSX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held