IPO - Raiz Invest Limited, page-22

Hey guys. I am P3nH@x. Long time user of Acorns product, more so just for fun rather than making $.

As an ASX investor I was surprised to see the IPO at $1.80 given the loss the company trails at Q-2-Q, plus the high $bonuses and Heads awarded to Directors.

RZI executives seem excited to have raised $15 million from the IPO. But as a trader/investor I gotta ask... would this company be a Disallowed $18.00 (or 5bags $9.00) in time ? hmmmm The potential is there!

Their 4C will be due for publication in a few (5?) weeks. I think that will be very telling if RZI can turn around or reduce the quarterly losses they had under the "Acorns" banner, that will be fantastic. But may need to give them some time and a couple more 4c statements to really show their colours.

For those that bought in at $1.80, I hope this goes well for you in time and you make profit. After all it is what we are all here for

Good Luck To All

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