Smells of desperation to me, such a lowball offer indicates that they don't have bank to go much higher. They completed a $90m raise last April from Tiger Global and DST Global Partners. I make their burn rate around $20 to $25m per year, given the number of employees and advertising spend to date and the fact they are trying to buy out a competitor (i.e. lack of their own organic growth). They may have max a 3-year runway left unless they can bag a competitor and fudge growth to get some more VC money in - but given current funding conditions they would need to turn a real profit to get anything. If anyone is in a good position to get more funding it's SWF, maybe they should buy out Stake??
It has to be North of 40c to make any sense.
As always DYOR.
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.54M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 202306 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 85250 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 202306 | 0.110 |
4 | 207556 | 0.105 |
7 | 288283 | 0.100 |
1 | 3263 | 0.099 |
1 | 14000 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 83250 | 3 |
0.120 | 233666 | 2 |
0.125 | 50585 | 3 |
0.130 | 458400 | 5 |
0.135 | 353756 | 9 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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