1. Market currently risk off due to inflation fears / maybe more...

1. Market currently risk off due to inflation fears / maybe more covid. Loss making businesses getting reamed the hardest due to inflation. 90% of nyse high growth loss makers are at 52 week lows.. Can notice this on the asx too- micro bnpl loss markets etc (high risk) all at yearly lows.

2. Kaddy acquisition diluted soi by 30%. Were currently approaching/ getting very close to -30% since the acquisition. This shows that barring external factors (assuming none since there have been no updates) that the market looks to be pricing Kaddy as 0 value add to the bottom line. For 1 or more of 3 reasons. Either due to risk off appetite- no body wants to touch a business that has 900k revenue with a negative bottom line- let alone paying 38MM for it and hence pricing it as worthless. Or the market cannot price the long term synergistic benefits of the acquisition. Or the market has simply made a mistake by pricing Kaddy to 0.

The way out of this situation during periods of high inflation would be for dean to get us to profitability asap potentially disregarding some growth. But that would be very short sighted in easing the pain now but forgoing potentially exponential gains.

Could also be some Kaddy staff cashing in.