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You make some valid points @LD99 but I wouldn't underestimate...

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Nebett

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09/11/20

17:44

Post #: 48744724
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Originally posted by LD99: ↑

Realistically, if this is 10c by Christmas it'll be well overvalued.

We can't rely fully on future growth for a market cap of $150million, there needs to be a good basis that shows how revenue is plausible in the two current streams before B2B is rolled out. It will definitely run up in the late parts of Q1 2021 on the launch, but the current revenue run rate needs to continue to show large growth to maintain ~6-7c backing for the next few months.

With that said, I haven't really commented on DW8 in the past couple weeks, but the acquisition looks like a big tick, despite others saying the potential for overpayment, I think its justified. It's like buying the star player on your biggest rival team and expecting to pay fair value for it, not a chance.

This will move well in the coming months, and 10c is achievable in 12 months time when we see the basis of revenue coming from B2B, but 10c by Christmas is a massive push . GLTAH

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You make some valid points @LD99 but I wouldn't underestimate the FOMO factor as well as the markets hopefully getting back to "normal" after the US elections.

DW8 Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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