I think sometimes it is good to take a step back and have a look. From the 2018 financial statements I’m not seeing hyper growth. I’m actually seeing a company in far worse shape than today yet valued at 15-16 times greater.
I agree the market is forward looking and LVT is currently priced to fail. If you don’t believe it will fail then there is opportunity.
I just find it ‘humorous’ and ironic all these former investors coming on here calling current investors naive.
It appears they believed Karl’s story and he followed through with the smoke and mirrors with what u mentioned above. It was all rubbish and deceitful.
However the bottom line is there is a company here now worth $20m with double that in revenue. That is definitely sentiment.
LVT Price at posting:
2.0¢ Sentiment: None Disclosure: Held
(20min delay)