Hi@Filthy4 you are correct.
Based on the financials the share price is over priced. As the investments mature and FFG exits, then the value will be returned.
How ever, so many are not considering the number of shares that FFG has issued and outstanding CR.
So many statements are based on the headlines - but are not on the facts.
FFG is not a BNPL stock. It is just one of their investments. It is going to take SmartFunding a considerable amount of time to become financially stable. The company is still in ‘start-up’ mode as far as acquiring business. If the Peer-to-peer investing does not get the support to fund the SME loans they will have to look for funding elsewhere - or pivot the business. All of this costs money.
Profit will need to be re-invested back into SmartFunding. These things do not run on fresh air.
The financials have shown what I have said all along - it is not “Soaring to the moon”. Based on my knowledge of the industry, Minerium either does not have the infrastructure that all on FFG HotCopper are assuming, and not turning over the amount of Bitcoin, which means they have to mine lessor valued crypto or the management behind this investment have been focused on themselves and not the business.... possibly personal mining....
At the moment China mines over 60% of all of the Bitcoin on any given day.
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