I like that you're comparing Thred to Snapchat. Now you're starting to get it
It's understandable that many are nervous. However imo the future is not as bleak as the current share price suggests. In my mind I view Thred as a turnaround story so to speak. The initial idea is and was fantastic, the execution was massively flawed. However if you look at how the tech team has been changed, you will see that it's now heading in a much better direction. It's been brought in house and the talent is extraordinary. They're young, energetic and filled with passion. I strongly suggest people really think about the Thredding without Thred proposition, and how much of a game changer that is.
Also what matters most is cash at this stage. Thred still has it. In fact as per the last announcement they have enough for at least six months. The next few weeks will be fascinating imo. I'm buying up big now and I'm happy to hold. I trust the management and especially Geoff.
GLTAH
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