Firstly, I never said that, so no idea what you're getting at. But they also do value based on revenue, you don't just slap "tech" on the company and away you go... At least in sensible minds that extend beyond a ponzi scheme or bubbles. There are obviously other facts like moats, scalability, growth potential, etc - hence where tech tends to get this premium from.
But you simply cannot get away with a large valuation with little growth or cash behind it, hence my response to zoonga who commented how people look at this company like another failed start-up. In which I responded with a statement that it clearly isn't seen that way being in the Asx300 and valued at $373M (not considering options, etc).
People don't seem to comprehend how much money this actually is.
Simple enough to follow now?
WBT Price at posting:
$1.80 Sentiment: Sell Disclosure: Not Held
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