Yeah, because $3.15 was based on nothing other than this promise of future $138m revenue (not even Gross Profit, let alone EBITDA).
It was a significant acquisition for this company (due to how small they are at the moment), but did not warrant a trebling of the Share Price.
I'm still watching from the sidelines at the moment and am reading up heaps, trying to understand this company. May get in once I fully understand the risks I am taking.
The threads here have been useful but has had a lot of ramping posts too. The key is to pick out the posts that have meaning and the posts that are simply full of fluff.
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138 million in revenue, page-126
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