when you personally are stuffed to the eyeballs on the stock and then youve also towed your clients into the stock too, then suppose you will believe any kool aid that has been dished out to you.
Clearly you are a broker at euroz. Which is interesting, contravening company policy that prohibits employees from posting on hotcopper. What will happen when Macca finds out?
based on the markets reaction the last two days, appears thats a surprise and justifies the constant selling and bad market depth that has quickly turned negative.
"investing" has two defintions. The first definition is when money is put into positive outcomes that generate cash, like acquistions with ebitda or positive cashflow. Then the second defintion is putting money into high risk projects with very uncertain outcomes. This latter definition appears what going on here. As per the call yesterday and youtube videos, management have zero idea how to roll out the cloud gaming idea thing, with no business case behind it and the constant delays.
investing into projects with massive liabiliites and constant operating expenses larger than revenue is not a positive. If you sat down and worked out the opex business case numbers on cloud gaming then its clear this is investing into a mammoth liability.
saying give it another 2 to 3 quarters seems to be a repitiive theme here, of kicking the can down the road, meanwhile who is letting their stock go at over valued prices. Who will be left holding the bag? Or are you trying to wait for your two year escrow stock to come out?
in the 8 months since IPO, what has this company actually achieved?
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $14.29M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.4¢ | $442 | 13.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49051 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 88734 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49051 | 0.034 |
1 | 70135 | 0.033 |
5 | 588750 | 0.032 |
2 | 116129 | 0.031 |
4 | 260719 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 88734 | 3 |
0.036 | 828140 | 3 |
0.037 | 41295 | 1 |
0.040 | 275500 | 3 |
0.045 | 179650 | 1 |
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