No they don't, they just have a lot of first loss in front of them that has to go up in flames, before they get burnt.
In the private market, this business is $30m val max, and AFY is $60-$70m... when you can't achieve what you want there, you go public, because quite frankly, 99% of public investors are unsavy.
Ann: Webjet Exclusives Joins the zipMoney Platform, page-18
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