I will give you another angle. The median price of a house in...

I will give you another angle. The median price of a house in Sydney in a good suburb. 4.2m. roughly the market cap of ZMM. It can only serve 1 family. That’s probably the limit of its function

Here, we have a developed product, with international sales channels and expansion possibly ready. Software, cloud, data, government support, NDIS ready. If you have 4.2m, plenty of homes in Sydney take your pick.

Gerard has two ways to go about expansion. Using brute force by indefinitely extending product range and markets, and offering the most competitive price aka Woolworths. Or the quality/margin/software Microsoft way. Creating one product or bundle of products to dominate the market and the world. Or he could do both.

That’s why some stocks can 2000x on the ASX. Wait I thought they only apply to zero revenue stocks only like PDN and LTR or Bitcoin.

Then again, when those assets have 2000x, where does the money flow to? Real companies severely under valued by the market.