The reason that TVL has dropped so much is because the IPO price was sold at a massive premium to the value of its underling holdings. This is the reason, I didn't buy these at the IPO. As can be seen, the share price has over time reverted back to the value of its holding. This is a fairly high risk company that if all goes well could offer long term shareholders massive returns. Will this happen in the next year or two - unlikely, but over 5 years completely possible. Good luck to all holders.
TVL Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
