Remembered the once upon of time the miracle and magical company hitting 20+ folds in a year BIG Un Ltd? It went up near $5.00 with an unproven and falsified financial?
refer to the AFR top five due diligence tips after this incident:
Who's on your team? Having A-players with a mix of technical, commercial, and domain expertise is a "non-negotiable". And if you're a founder, demonstrating a solid team that has a track record of achievement in other businesses will give investors the confidence they need to part with their cash.
james was the only survivor from the last empire - serving as consultant just before netlinkz suspended. He is the revive NET and sign the pilot program with China telecom. He is not someone well known - but do you know who is mark zukerberg while Facebook just setup?
What's the size of the opportunity? A large size of total addressable market, serviceable addressable market and serviceable obtainable market, alongside general market trends, must be demonstrated to show the viability of a start-up. Even if the idea is brilliant, if the market is small, the upside is severely limited.
yes while in IWG it was brilliant idea but unable to address the market. Like my last post, despite all the hype with blue tech and isoftstone. Within China telecom producr catalogue, we are one of the saleable product, and a sure 36000 vins sold as of 31 March. Rome is not build in a day- step by step. Cash flow Is king overall.
Does the technology work? Investors should be on the look-out for a competitive advantage in the technology, often secured by patents or trade secrets, and capable of building a moat around the product over time.
since IWG era, technology is working but not saleable. So after the recent update to v3.0.5, it is not only working but saleable. Possible the next v3.1 or v3.5 will be cover the whole world needs.
Can't get no traction? If a business can't show any evidence of early success and growth, then its viability in the long term isn't looking too promising. Founders should heed this advice and highlight their early wins.
traction, none since the first day of listing until 30 nov 2018. We are now seeing an improvement day by day.
Do the numbers work? Investors should interrogate and stress test the financials of a business looking at historical revenue and costs, the growth strategy and how it will use new funds to meet these business goals. This means founders need to know their numbers and present a financial model that allows for sensitivity analysis.
historical data is not useful in this case - it is brand new life and era since 30 nov 2018. A 29m promised loan from GEM managed fund has ensure the longevity for this company to survive and to continuingly roll out to other provinces in China and other part of the world. If you get US you get a quarter of world, China another quarter of world. This will follow by India and Europe then you cover nearly everyone.
if all shareholders can take a breath not to accept and takeover offer in next 12-24 months, we will see a merger opportunity into nasdaq... haha please ignore the last sentence- will disqualify my above thought
NET Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
(20min delay)