IPP Q report was not good enough as P/E=320, page-6

I do actually, I find IPP and Patrick Grove incredibly amusing. Patrick Grove is always banging on about IPP on Twitter with hash tags #startup and #justdoit while posting photos from luxury locations/holidays.

In my mind he hasn't actually he achieved anything of significant yet and it seems he has no real thought or intention to creating shareholder wealth through strong recurring cash flow. Grove can't wait to hock it off to REA and make a quick profit.

Increased revenues don't create shareholder wealth unless they're accompanied with an increase in cash flows.

I got in $0.80 and out at $3.60. I would not touch this one with a 100 foot pole again, but each to their own, that's what makes a market.