LNU 0.00% 0.2¢ linius technologies limited

I can't help but think LNU is doomed to fail. It has way too...

  1. 812 Posts.
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    I can't help but think LNU is doomed to fail. It has way too many shares now with a very low share price, always runs out of money in a matter of months, they spend too much, they do not have any decent income and future income that might eventually cover and exceed expenses is going to be too far away in the future for this company to survive. The only way they will survive for a limited time is to try and keep pumping out some more capital raisings were they could end up with billions of shares which is not going to be pretty. Not a well run company. Perhaps Finbar, the founder of the technology, was the smartest man in the room when he sold all (or the majority) of his shares very early on. Really hope I'm wrong about this one but I fear it might end up being a tax loss but you never know - stranger things have happened.
    Last edited by Brighty Eyed: 30/01/20
 
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