I exited DUB in May at $2.82 having enjoyed doubling my...

I exited DUB in May at $2.82 having enjoyed doubling my investment in 6 months from $1.23. So why and what does today's 4C report tell me?

My reason for exit, although I like the business and the business model, is (as I have written this quarter on several of my recent tech "exits"), I cannot see the path to strong cashflow generation. Analysing the 4Cs over the last 8 reports, operating cashflow is trending in the wrong direction, despite impressive top-line metrics. That tells me that DUB is demonstration no - or even worse, negative - operating leverage. Maybe it will start generating cash at greater scale as adoption expands. For now, I am happy for the instos to fund that growth story, and I will reinvest my greatful gains elsewhere.

I'm a SELL and staying on the sidelines watching for now.

GLTAH.