I don't think they will consolidate further Galilee. I still think they are going for that 3 to 400 million market cap range assuming a listing price of $5 (don't ask me how they can achieve that with the numbers, but that's what I believe). They've gone for what looks to be a more reputable and conservative broker this time and are looking to raise a smaller amount, so less risk for the underwriter and a more achievable amount to sell. They are asking investors to take a punt on future potential, not current revenue.
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held