Holy cow... while i am happy to invest in a company that is not making money... the valuation of this is just simply stupid considering the financials and history to date. Only 2 years worth of data (current revenue of 220k.. yes... 220kk)... yet they think the market cap is 160 million!
There are 10 million options available to exercise at 20c and the rest are at $1... well there is a real incentive for the directors to do well..what a joke (section 6.7.2)
Sorry.. not going to red further... feel free to throw you money at this or the Shark Mitigation IPO if you have spare dollars to throw away.... to the sharks!!!
AfterPay IPO, page-10
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