Not sure going to USA was a good idea after getting up from grave.
What do you think to get up to 2nd Target of 10,000 Customer or 10m in TTV in 18 months, how much money they have to spend or needed? I think they will need to burn through atleast $50m to get there. The cost of doing business in USA will be much more than doing anywhere else, like wages, rent, tech, marketing etc.
That $14m coming from IDSB will last only few months. I hope that I get totally wrong for the sake of holders. Still think they should have done something else with the money. Not lose that money plus more, in establishing a business to compete big players, who have TTV in billions and still cant make profit due to bad debt like ZIP lost $51m in bad debt for recent quarter.
OVT Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)