I still don't get what they do, page-68

I looked at UPD a few months ago, but came to the conclusion it was massively over valued given the low revenue. A bit like GSW in that respect, potentially a fantastic product but a lot of hype/promise and yet to really deliver. Crazy that $2m revenue can be valued at over $600m market cap. Even for high growth stock it will take many years to grow into its valuation, and too much risk that it won't eventuate. Even BIG has more revenue JUST from US operations, so even if you completely write off the Australian business.

Noticed today it's made it into ASX300 as well, seems a bit crazy that such a spec stock can be included, and potential impact/risk on super funds that follow the index etc.