The Identitii Ltd (ASX:ID8) Backflip

Backflip number two for this week after the painful UBI reversal yesterday. The cost was a whopping 18% on a mini 1% position. I spoke with ID8 CEO Nick Armstrong and have decided that the company is less mature than I first thought. In particular, Overlay+ is not at a stage where it can be quickly and easily sold and installed. I still like the notion of the business and will continue observing in the hope that ID8 grows up and takes its place at the adults' table.