Hi everyone. As some of you know I have been long PCK (formerly EPT) for about a year and a half. It is an Australian tech startup that originated at Curtain University, was advised by the CSIRO, and listed as an RTO in late 2016. It probably should have always been sitting in a venture capital fund, but for whatever reason made it on to the ASX.
I think generally speaking, the weaker tech projects end up listing on the ASX, and the reason for this is that retail investors are the least discerning along the investor spectrum when it comes to judging the future success of pre revenue businesses, and so are taken advantage of by promoters and lifestyle company directors.
There is some indication now that PCK is going to be a rare success story. That indication is that the product is being accepted as useful by industry practitioners. There was some interest today so I thought it was worthwhile mentioning. In my opinion, April will be a good month for PCK shareholders, but hey, I am often wrong and it's the market that must decide. Here's some interesting material to read this weekend for my fellow stock market junkies.
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