Correct.
Fully functioning app on release will be lucky to reach a 30-40m MC. It was ~30M upon initial release which would have factored in the app functioning as advertised.
So to claim 3-4 times that MC given the delays and lack of confidence with management is laughable.
Even if you factor in monetisation (which to date has no clear road map or marketing) 50M MC would be a great achievement short term. As I ( and others) have mentioned the market for this app is a small one based on rural population. Add to this the fact that the target audience will only shrink as 4g is rolled out further and further and it's a steep hill WGL has ahead.
I hope I'm completely wrong and this skyrockets because I want to sell the remaining shares I have in here and I'd rather do it sooner than later.
All IMO and please DYOR
Correct. Fully functioning app on release will be lucky to reach...
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Mkt cap ! $1.740M | |||
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 2.3¢ | 50000 | 1 |
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