I just about threw up when I read the news about the IPO. To add insult to injury, the ghouls are out in force laying the boot in while people are down. They've been saving up this massive 'I told you so' for ages and now they can revel in the glory of being right. Well done chaps - hope it was worth it and your egos are fully stoked now.
At the risk of sounding delusional, this is still a functioning company with exciting growth and they still need to raise money. They probably have no choice but to try for a third IPO attempt in the new year with better financials. They can probably tap the GEM facility to keep operating in the interim. There is not much hope, but still a little.
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held