There have been some deals that was supposed to be good like grapha app, the security company, the universities, was it also an Australian basketball?
I bought into the concept of what LNU products could do. Was just before the price had a boom shortly after covid and I got caught in the hype buying into an up trend.
when it tumbled slowly down over the coming year I eventually sold out for a loss.
Not just with LNU but a few tech stocks caught up in the tech rally and BNPL one.
After that I tried learning about companies and found things like I should try to read a 4c, to see what a market cap is and what kind of revenue vs value it has.
Recently LNU has some deals that appear to have started a flow of small income. Compared to 3 years ago its an improvement, so I purchased my original allotment back at these low prices.
Hopefully this 4c will show a continuing improvement, at the very least not less income than last quarter.
Thinking that the system they have and while they are trying to get validation they may not be able to charge as much.
Netflix started of really cheap, then as everyone started using them they bumped up the prices.
There is a chance LNU is smoke and mirrors, and I really hope not.
On the other hand, what they can do has so much potential to be used in so may ways that what that market could reach and bring in, is why im willing to risk holding them.
The negative views are important as if someone can point out a serious flaw and one can get out before they are worthless that would be great.
The revenue thats been incoming, the newer ceo, and some recent deals and how they describe what they are building suggests that its not going to be revenue over night.
Rather foundations are being laid that will grow a steady stream that will compound.
Hopefully a few more 4c reports will confirm, as if they dont the issue and fears everyone has will unfortunately be true!
how long have you held ?
LNU Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
(20min delay)