Ok so for those interested here is why I showed the smoke signal image... There is a raging fire here that is about to start and is offering investors the chance to get in at the bottom, at prices close to waislitz cousin and bombora fund.
Here we see the update provided on the 24th December, management estimated they would do $875k revenue
What they actually achieved was much higher than their own forecast. As seen below and announced on 22nd January. They made $1.13m
Based on tracking Web traffic the trend has continued into Q3 of FY21. The market is missing the huge upside potential here. They are probably profitable right now as they just about broke even in Q2 FY21.
DMC has over 9m followers on social media. They don't need to sink alot of capital into advertising when compared to other ecommerce businesses such as MYD. Sure their products are not for mass market, but I think this business will succeed in carving out its nown ecmon niche catering to design hipsters.
I think there is every chance that this is a $100m+ company in 3 to 5 years. Post consolidation and approval of tranche 2 of the capital raise, DMC will have 35m shares on issue. I'm struggling to find a better speculative buy with huge upside potential and not much downside.. Right at an inflection point of profitability.
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