I personally think you'd need to be retarded to buy into this offer, but as a disclaimer, I thought that about 42below and Xero too. So take from that what you will.
I suspect I will never find a business with those sort of financials wanting that sort of valuation that I would be willing to buy. Maybe I'm just not the target market?
Regardless, there are clearly people who are willing to gamble with the deck stacked against them so I hope, like Xero in particular, the Moa guys can at least use the idiots money to build a real business.
If nothing else, using money voluntarily provided by idiots to build something real and giving them breadcrumbs of the return is way better for society than just stealing it from the idiots, which is the normal fate of the idiot.
Good luck to them, I will definitely take a look after its been funded by the idiots, and would be interested if one day its a real business at a reasonable price.
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Never try to teach a pig to sing. It wastes your time and annoys the pig.
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Wont be investing but will keep an eye on them. I dont see them having the same potetial as 42B, or even Ecoya and those are well below the potential of Xro and DIL.
Interesting way to reduce IPO costs by selling advertising in the investment statement (or were they all Business Bakery companies?)
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