FMR 0.00% 1.6¢ fmr resources limited

But then how would you justify zip having a $1.5 billion...

  1. 36 Posts.
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    But then how would you justify zip having a $1.5 billion valuation? They have never turned a profit either.

    Or Afterpay on $8 billion?

    Or Amazon valued at a +trillion?

    It's a tech platform that will cost up to $600k, including the liabilities and assuming the earn out targets are achieved.

    The new CEO says “This acquisition represents a positive addition to Nvoi’s product suite and reinforces our new growth strategy, adding key functionality that our clients and the market are looking for.”

    So clearly, it was not a function of the Nvoi platform.

    Also...

    Share price up 15% since they announced the deal.

    Share price up 90% since they raised money at $0.01.

    Share price up over 500% since John Winters got involved.

    These guys are creating (have created) significant shareholder value.

    Isn't that their job? Isn't that what you want as a shareholder?

    Wake me up at 5c please.

 
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