ikeGPS IPO Poll

[noodles]

Another week, another IPO. Will you be getting in on this?

http://www.nbr.co.nz/sites/default/files/images/ikeGPS-prospectus.pdf

[traineeinvestor]

With projected losses of (2,285,000) (5,330,000) and (5,846,000) for the years 2014, 2015 and 2016 respectively against a market cap of $55 million at IPO price, I stopped reading on page 7.

[Billy Boy]

There's talk of ORION Listing.... cud be a better bet for an IPO.
ikeGPS sounds good so far, maybe wait till there's some FY returns
available.
BB
One of my Rules :-
Buy this ???....... or can I do something better with the $$$

[Harvey Specter]

With projected losses of (2,285,000) (5,330,000) and (5,846,000) for the years 2014, 2015 and 2016 respectively against a market cap of $55 million at IPO price, I stopped reading on page 7.And unlike a SaaS company, they dont get recurring revenues either.