You are entitled to your opinion and I respect that. For the record I am invested in plenty of pre-revenue companies.
IMO this company is not pre-revenue and should not be pre-profit. In fact they have been generating revenue from day one, I would like to see it being cash-flow positive at this stage.
If I look back at the investor presentations, it talks about the size of personal loan market and how it can grow their market share, then they launched MV loans, then invested into overseas markets.
Why not simply forcus on 10% PL marketshare? Grow the book that way as the PL will have additional challenges as the book matures.
All IMHO, we wait for the annoucement - will they issue employee shares to the new management?
WZR Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
