DOU 16.7% 0.4¢ douugh limited

10,000 +, page-102

  1. 34,338 Posts.
    lightbulb Created with Sketch. 9112
    I have assessed the company,
    - testing ZipT app (that's the key, you have to know what you are doing, what company you have invested, imo)
    - app development over the time (share price is reflecting accordingly the progress of the app development)
    - cash flow wise (Does the company require additional fund to develop the app? Potential dilution. Currently we still have around $6m in the bank, quarterly cash burning rate was quite low, it will accelerate when mass promotion is beginning next month. With big spending ahead with iOS version released, we should see good results of downloads. Good results will push up share price hence demand for additional fund won't be any problem as the company is heading towards a right direction.

    However, development after iOS version released is critical and will determine whether ZIP will be heading $2 or 60s.

    So far so good, I am very optimistic about future development providing the company releases video, iOS on schedule.
 
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