Unbelievable, nice exit for a few inside holders, as twice IPO (which beagle reckons was over 3x its worth). Is this really value at $277m market cap! Good grief.
Ouch Rad could stand for radiculous someone’s buying though. GL to them
Unbelievable, nice exit for a few inside holders, as twice IPO (which beagle reckons was over 3x its worth). Is this really value at $277m market cap! Good grief.
This is quite bizarre. The Board only a few weeks ago agreed the equity was worth c. $0.80 and they are near $1.70 today
Low interest rates are really starting to see rampant speculation in markets....look at AirBNB and Doordash more than doubling on opening day and there are many others doing the same in the US that are less well known.
The only way I can explain it is there's a percentage of people who are speculators, (not investors) and to them fundamental's mean nothing.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by Baa_Baa
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