still more than 10x revenue and loss making after all these years.
another -90% guaranteed, sub $10 guaranteed.
this company is a scam
zAngus
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@heavy_assault, definitely not a scam, but would 100% agree well over valued.
heavy_assault
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@zAngus, they pay out most of salary as share based compensation. they brag about free cash flow yet their GAAP profit is always negative because of this. this company is a meme stock.
zAngus
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@heavy_assault, I dont know them well enough. Just know of them as one of the bigger Aussie IT "successes". Founders are both fairly high profile billionaires here now (wonder if they still are after the price drop). Always in the papers etc.
heavy_assault
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@zAngus, always in the papers yep, it's a massively overhyped company. i don't know it well either, just that its likely a scam (to investors, not their clients). no GAAP profits ever, massive share based payment.
im australian, they aren't even listed in australia, there's not even any CDI in australia. they list on nasdaq to take advantage of the much higher liquidity and valuation in the US markets.
decentTuna14492
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@heavy_assault, how could such a heavily ingrained product in most companies be a scam? With this market there is no one to believe and no fair value can be determined of any stock.
superiorJaguar24882
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well Darn i missed out. cheers
zAngus
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@superiorJaguar24882, I might have a crack at it with a buy stop limit order and see if I can jump in if it heads back up in the pre-market. I got caught out though doing the same thing with FB, Amazon, and Google though. Stocks can always go lower - especially these days :D
superiorJaguar24882
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@zAngus, oh and they will. we haven't even come close to the potential. Tech is great but unless it contributes Allot to the GDP, it isn't gonna be great. just my opinion. my $0.000002 cents worth. added this
another -90% guaranteed, sub $10 guaranteed.
this company is a scam