Manipulation, page-62

  1. 5,879 Posts.
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    Sorry I have to weigh back into this with a few more points

    (Just so it is clear what I am saying - I like this stock but think it is severely overvalued)

    Have you guys had a deep look at the latest Cannacord report? If you did you would notice that today, this company is valued at $705mill fully diluted - yes you read that right (add in options and performance rights)

    For that you get around $11mill cash and sign ups with a few notable companies - mostly quite small relatively - Sears, Amazon and Accenture being the largest (of course there are many in the pipeline for sure - but this is not proven yet, are they going to buy large packages, are they going to stay with the product etc.? A lot of unknowns - we don't even know what the current companies are paying - most notably for me , the initial excitement with early sign ups has slowed significantly

    I was in this in November and early this year they were talking some $25mill revenue by year end - even that if proven would still put this stock into nosebleed territory - where is the concrete proof of cashflow? If they had it, surely they would say something in a report?

    Also that chart is going vertical - looks exactly like every chart I see that tops out

    I could go on - yes it looks like a good story, but seems in bubble territory to me - and just because it is, doesn't mean it will stop going up next week - that is the market for you - seen this hundreds of time before

    Watching this stock with interest, looking for concrete signs of increasing cashflow for this valuation

    Good luck but if you are dancing, I would do it close to the door IMO
    Last edited by Andrew1234: 29/08/15
 
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