A Nasdaq listing should have happened last year during the SPAC frenzy. Now it's pie in the sky.
Mangement is diluting shareholders in order to avoid another CR.
I suspect profitability is not just around the corner anymore...
The situation in Pakistan is so good OLX has puled the plug:
https://profit.pakistantoday.com.pk/2022/08/22/olx-group-backed-carfirst-has-shut-down-in-pakistan-heres-why/
And it's no better in LATAM:
https://dfsud.com/tecnologia-y-startup/invertiremos-mas-en-chile-y-mexico-los-planes-de-olx-autos-despues-de
I am losing faith in FDV and so has Nathan Bell from Intelligent Investors. He has not taken advantage of the SP weakness in his portfolios (INES/IIGF/INIF). I am starting to realise that FDV management main talent is marketing.
A Nasdaq listing should have happened last year during the SPAC...
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $177.7M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 38.0¢ | $459.4K | 1.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 304 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 24803 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FDV (ASX) Chart |