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  1. #91
    ShareTrader Legend bull....'s Avatar
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    this stock might go down in nz history as the biggest ipo flop ever?
    one step ahead of the herd

  2. #92
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    Quote Originally Posted by bull.... View Post
    this stock might go down in nz history as the biggest ipo flop ever?
    It was way to expensive/high market cap, dudes just got pretty rich i must say!

  3. #93
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    whats the true value here considering its financials, track record and prospects ?

  4. #94
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    I've got the munchies.....oh, it is lunchtime......

  5. #95
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    Quote Originally Posted by whatsup View Post
    whats the true value here considering its financials, track record and prospects ?
    Big fat "0"....

  6. #96
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Quote Originally Posted by whatsup View Post
    whats the true value here considering its financials, track record and prospects ?
    For me currently I'd value them at $15 million, considering the cash they have, the risk involved particularly no revenue, they have some good intellectuals onboard, but as the stock market will always point out its about future cashflows and theres a lot of doubt we'd see any anytime soon. They will lose a ton of money in R & D and then if they have products the time it takes to sell and gaining traction will be tough on them too.

  7. #97
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    Yeah 15m there is a better number (-70%) - but 50! and most went to the two people. I think shareholders might have needed a bit more skin in the game than that.

    -28% at the moment - good to see the market represent a better value in this. ~40 mill

    -50%-75% and maybe I'll be interested. Or will wait to see how they intent to jusitify current value.

  8. #98
    Legend Balance's Avatar
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    Quote Originally Posted by whatsup View Post
    Am I reading this right that sore head has 9 mil shares in this outfit can I ask someone for what cost ?
    Try zero for the original shareholders/founders of the company - 58.1m shares (now worth magically $29.05m at IPO price of 50c).

    Try 8.6c for the 13.9m shares issued to the promoters.

    So the idiots who paid 50c for the IPO shares were/are paying 5.8 times (580% more) than the promoters.

    And as Brian Gaynor highlighted in his article, there's no escrow arrangement so they are free to sell out day 1 - which they probably already are.

    Why do and why should they care about the idiots who willingly parted $10m for less than 20% of the company?

  9. #99
    Legend Balance's Avatar
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    https://www.nzherald.co.nz/business/...ectid=12241768

    https://www.newshub.co.nz/home/money...n-the-nzx.html

    Get excited - the company aims to be a world leader.

    Looking forward to the many congratulatory photos of the NZX welcoming its first IPO since forever.

    Calling MARK PETERSON & JAMES MILLER! Where are you both????????

  10. #100
    Legend minimoke's Avatar
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    ..........
    Last edited by minimoke; 22-06-2019 at 10:22 AM. Reason: Deleted by Minimoke in response to STMOD censorship of posts

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