Be easier to take this seriously if Loyyal was announcing actual results, as opposed it just being RFN trumpeting that Loyyal has found some Greater Fools. $22M for a company in Loyyal's dubious condition is pretty special. Time will tell if RecruitCo et al are on to something here or whether it's another dumb money FOMO brainwave.
RecruitCo supposedly make a $400M offer for FLN back before it listed, which would have been quite a premium, given that it's market cap is now $360M 6 years later.
Ann: Investment Update, page-24
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