freelancer growth, page-27

Hey Gilly,

Being a long-term NEA holder, you also know very well that sometimes people buy on hype and sell on good news. That sums up the FLN story.
The long story is that last October, FLN reported that their cash receipts were 4.5% less than the previous quarter, while they are reporting an overall ~50% increase in cash receipts year to date. And that 4.5% decrease in cash receipts started the doomsday brokers to murmur "ohh it's the end of FLN", "not a darling stock any more", "not so pretty now". Anyway, that smashed the SP significantly, which recovered a bit later until April results.
This is the best part, on its first quarterly, FLN reported 20% increase in cash receipts (that's on a rolling basis). But wait, FLN also reported $2M positive cash flow for that quarter only. On top of that, they reported $34 million dollars asset/cash in hand. No debt at all.

Oh boy, this was too much good news that ASX couldn't take it. Obviously FLN would be a billion-dollar company if listed in NYSE based on its value and potential. There are less than five small-cap companies which can produce numbers like FLN does, yet it is not justified. FLN doesn't sell hype unlike some pot stocks or mining stocks. That's what keeps it down I think.

Also, directors own near 90% of the company, which reduces the liquidity thus makes it very easy for bots to manipulate the stock.