..it is easy to see how anyone working in the IT sector could...

..it is easy to see how anyone working in the IT sector could like this stock, Livetiles (LVT) but to me it is a company that should have sought listing in the US not here. In the US, they can tolerate loss making companies and still accord them a generous valuation. Not here, not at all. Despite all the spin about their rising metrics, LVT never made any money , in fact their overheads are almost as high as their revenues and their profit margin only in the mid teens, not what you'd expect from a software company....and on top of that they have one of the highest management remuneration in ASX microcap space.

LVT thrives on one thing they're really good at....issuing capital, today its shares are in 900+m so at close to 10c a share, its market cap is about $90m. But anyone holding this stock for 5 years would have lost 36% and anyone holding for 1 year even worse at 66%.

Its easy to buy and hold such a stock especially if one is already at a loss and still believing their story (especially when they have $50m revenue) , but if ever will this company make money...

https://www.tradingview.com/symbols/ASX-LVT/