???? I would take a guess that over 50% of the companies that float are not profitable. One of the reasons for floating is to raise capital to grow the business and its profile. Refind is far from profitable but would you complain about a 100% stag (as high as 900% at one stage) in under a year to date. AirXpanders is the same.. sitting on a 125% stag and still makes a loss. What primarily matters here is a fundamental analysis of the business.
I have not taken a look at this as I will rarely waste time on commenting on any IPO until I see the prospectus. Too many varying factors until you know the facts.
