I think you need to go back and do some more research over the last few years.
Megaport has always been a hyped stock, and rightly so considering its a product of Bevan Slattery, Game Changer for cloud connectivity and the TAM through all the various partnerships.
They've been loosing money as they've been busy building their eco system, but have delivered consistent quarterly growth of 7-15% for years. Obviously, they've had a number of CR over the years, which have all been over subscribed.
Another good Thread to read - https://hotcopper.com.au/threads/my-broker-said-to-buy.5407260/
Ann: FY20 Full Year Results and Global Update, page-23
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