Thanks for your ideas, it's good however it's wrong for start-up companies.
There are lots of companies in ASX which cash flow is negative, but MC is very high due to bright future, these companies including:
- lots of technology companies, for example: BRN, ZIP etc.
- lots of medical companies, for example: IMU, MSB etc.
- lots of mining exploration companies, for example: CHN, DEG
Also, there are lots of huge companies which cash flow are always negative in the past 10 years, for example, Uber, SpaceX. Do you think the investors of these companies are not smart than you?
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