But then how would you justify zip having a $1.5 billion valuation? They have never turned a profit either.
Or Afterpay on $8 billion?
Or Amazon valued at a +trillion?
It's a tech platform that will cost up to $600k, including the liabilities and assuming the earn out targets are achieved.
The new CEO says “This acquisition represents a positive addition to Nvoi’s product suite and reinforces our new growth strategy, adding key functionality that our clients and the market are looking for.”
So clearly, it was not a function of the Nvoi platform.
Also...
Share price up 15% since they announced the deal.
Share price up 90% since they raised money at $0.01.
Share price up over 500% since John Winters got involved.
These guys are creating (have created) significant shareholder value.
Isn't that their job? Isn't that what you want as a shareholder?
Wake me up at 5c please.
NVO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
(20min delay)