Hopefully goes the other way Baz.
6 mil pre registrations seems insane when you do the numbers.
IMO being a growth co, current price can be justified reasonably by;
300k paid subscriptions
$144 / subscription annualised - $43mil rev
20% margin on revenue
10 PE
This is priced as if the market thinks the 6mil pre registrations isn't legit.
Obviously even a slither of the 6 mil would be huge, interested to see how this pans out.
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Hopefully goes the other way Baz.6 mil pre registrations seems...
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