Last report the CEO did say that they will be in the black by 4th Qtr as revenue expected to pick up. Lets see if his forecast is correct or just bullcrap !
Yesterday a Joint Venture agreement was entered with CZI a Chinese company and SMTrack. It is not an MOU. Chinese 45:55 SMtrack. Market move and small volume building up. Looking at it this counter that has been sleeping in the range of 105 and 11 appears to be moving to 12. Within this week, Chinese may come in to buy up the counter because it is still cheap. It is slowly but surely moving and it will pick up steam when the Chinese comes to invade the market. Happy trading friends.
The renewal of the terminated contracts with Kastam Di Raja in my opinion is not really significant. Sure it adds confidence to this counter because their RFId are used by the Jabatan Kastam. SM track should make an impact when the agreement with Canton Fair, IDG and CZI all Chinese base company takes effect. Question is when? So far no effective mobilisation date yet. Even if our Jabatan Kastm were to renew the use of RFID , it may stirr some interest causing it to go up to .13 or at most .14 . This counter , can go mighty crazy, and when their Chinese partner moves it you will know by looking at the volume and the price. Hold and be patient!
SMTrack: Enters joint venture in US. SMTrack (formerly known as Smartag Solutions) has entered into a JV with two individuals in the US to fast-track its core traceability business in designing and commissioning one of the very first embedded traceability bottling plant. It said upon satisfactory completion of the due diligence by SMTrack, Michael Maragh and Marc Thomas will transfer 100% and 75% of their shares in MRH Capital Inc and California Bottling Co Inc (CBC) respectively in a share swap arrangement in exchange for a total of 40m new shares in Smartag International Inc, a 94% owned US subsidiary of SMTrack. (StarBiz)
This share swap agreement looks very viable and I believe if SC were to give its approvals , this counter requires this injection to revive this counter. Those who purchase at .9 or .10 congratulations. Average Price Target is .28. Can we reach this ? Only time can tell but I say watch closely now .
why are we fooling ourselves.. this counter has negative PnL, keeps acquiring businesses and lofty ideas but no hard numbers. It seems like a desperate attempt to generate volume and interest and then directors cash out.. PN17!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sbzk
806 posts
Posted by sbzk > 2014-07-22 19:57 | Report Abuse
time to go up!!!........... buy now