Australia's largest stock trading and investment forum Australia's #1 stock forum

FOT

0.00%

34.0¢ fortunis resources limited

Appreciate the response, good to hear others views without...

First 27 Last

Share
Profile

Follow
trythree

1,774 Posts.

13/05/15

17:57

Post #: 15273085
Share

Originally posted by nihilism ↑

Can't get cash without FOT shareholder approval as a public company.

Month on month revenue growth looks fantastic, this should be the least of your worries. Mpire shareholders are private, in other words it could be one or many, what matters is that they want the public listing, which gives them leverage to greater capital options for future growth/acquisitions. Mpire is a portal, thus to expand at its current trajectory there will need to be acquisitions down the track, this is what they gain, leverage to the open market.

Revenue commenced from a low base the same way the monetisation of any company happens. Every company has to develop a product (a net cost phase) introduce the product (low revenue stage) and then let the product become accepted/popular (growth stage). How is this hard to comprehend?

Last month grew quite nicely. Not every month is going to be huge increases, it won't go in a straight line. December jump makes sense because its a sale portal around xmas.

I think you're cynicism is great but I don't think any of your concerns here are valid... Some things might arise as time goes on and we learn more about Mpire, but currently everything is above board.

Expand

Appreciate the response, good to hear others views without baseless ramping.

The low revenue to begin with just took me by surprise as Mpire have been operational prior to listing I understand.

Last edited by trythree: 13/05/15

FOT Price at posting: 31.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

LVH

Livehire sees share rocket 91% on takeover bid by Humanforce

IR1

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

ORP

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

Bitcoin: Current State of Play & Where to Next | Swyftx