Interesting take. However, I'm sure the author understands that valuations of early stage growth businesses are not based on PE. We are not Amazon, but its PE is still +150, Snapchat, Twitter, Uber, have never even turned a profit from operations.
What disturbs me a little on the negative press is that APT has a unique product, is indigenous to Australia, has the potential to find a place in the biggest markets in the world, and we have media/regulators looking at clamping down on it. This is a potential global success story. I don't expect the media to sell it to the world, however some objective reporting would be nice.
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