I think there is also a lot of sowing of fear at the moment and that in itself will affect the SP. Sure Douugh might be fundamentaly "overvalued" but lots of stocks can be fundamentally overvalued. Potential-wise it may be "undervalued". I think you can safely say the demand so far was never based on fundamentals to begin with. The probablility of a neobank in Australia taking off at some point is reasonably high. And with the current world situation, you would think it's a realistic environment for something like this to take off. At the end of the day, the people decide the SP at any given time - not the fundamentals. Whatever the share price is at any given time is exactly a reflection of the sentiment of the market. Yes, it's a risk, but for some hopefully a calculated risk.
@cryptoking
Yeah, but Douugh is being developed from the groundup as a neobank.
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