Scary list of competitors on page 8 (Nielsen, IRi, Quantium, McKinsey) yet no clear point of differentiation
Their revenues on page 7 are embarrassing compared to the market sizes on page 8, and the statement that they have already invested $15 million in technology to generate those small revenues
Revenue growth on page 15 of 100+% forecast every year to 2023, most of it from new customers, no doubt all fuelled by Hopium
Growth strategy on page 17 of selling what they've already got to new customers, sectors and geographies. Too easy, why didn't they think of that before.
$6.1 million of the $8 million raise will head right back out the door to pay off debt, creditors and capital raise fees, leaving them with $1.9 million.
Current shareholders wiped out by 5/6ths.
Maybe someone can see $8 million worth there, but I'm struggling.
IVO Price at posting:
25.0¢ Sentiment: Sell Disclosure: Not Held
