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Day Trader’s Weekend Aftermarket Lounge 3-5 May 2019, page-24

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Saulta

201 Posts.

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03/05/19

17:36

Post #: 38401649
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Originally posted by HairyRichard: ↑

EN1 is a tricky one.
Tryin to just trade the trade here...

While technically profitable, they won't be able to afford to pre-pay for future adspace

The whole business replies on them buying digital adspace and then reselling it. If they make $10k/day in profit from $60k/day revenue, they'll still be about $30k/day profit short as they need to front up for adspace now to resell in 3 months. Ads they sell are also paid on 120 day terms so there's some massive lag.

Leave that one to the professionals in the business IMO... Or us kids with less brains and a higher appetite for risk.
I'm in 2 minds on the business really... Burnt from IPO , 18c down to 2c lol... Like I said, no brains and therefore no stop loss...

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You are right... the projections dont look right... on 11.4M annual revenue last year and expecting qtr on qtr growth then that should have meant average monthly revenue in theQ4 was 950K April was expected to be on target for 60% increase from what was stated only a month ago to have it reported at 1.22 or 28% thats a long way short of 60%
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