BEX 0.00% 44.5¢ bikeexchange limited

IPO - BikeExchange Limited - 9 February 2021, page-83

  1. 1,034 Posts.
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    A total spud. It's hard to fathom how a company that's been burning money for over 10 years can then raise a huge amount of cash, go public without changing the failed business model in any material way. Result = burn all the new cash, consolidate at 100:1, burn last remnants of cash, undertake a new raise and fall short significantly and delist.

    Seriously, wtf goes on?
 
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Currently unlisted public company.

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