I am exercising my responsibility to not misguide new investors.
I would be careful with taking financial advice from the media. These are typically pay-for-broadcasting types of sentiments but I do hope it does rocket past that.
Keep in mind though, you're talking about a $4.4billion (or more) market cap. That's higher than Zip Co's current MC of $3.8b.
I hope that does come true but keep in mind that Z1P currently brings in $403 million for FY21 wherease CRO currently pulled in $1m as per 4c.
There would be a lot of resistance for the SP to go beyond 20c with the huge volume of day traders trying to cash in as well as Adrian spending them on acquisitions and staff. Hoping that Credit Suisse revisits to reinject some stimulus.
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11 | 5958947 | 0.009 |
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6 | 3283500 | 0.006 |
Price($) | Vol. | No. |
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0.012 | 12305498 | 18 |
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