Hi Sector,
I enjoyed your posts and obvious realistic calculation on what valuation this company has.
There are two major things that are out of sync with the story.
- The company started on the trajectory of Machine Learning and AI as that was hot and spoke about LILLY and KLIP a lot in the prospectus. As you would notice that was all about dressing up a service business to portray into a product business. This has sadly unveiled into a service business which can't even get a definitive agreement out. The Lilly and the Klip saga has turned into one-liners in the company's recent announcements.
- The company provides services at a very low price point which means it would need to turn a large volume of orders to even become sustainable.
I think the company started on the wrong foot by investing a lot on infrastructure and software and they had no customer. Such companies are often better run in private entities. The company's current valuation stands at ~58 MIL without performance shares so obviously the company would need to do a lot more to justify its current valuation. I believe the company so far has failed to impress in any order and hasn't been able to take advantage of their network either with their not so unique product offerings.
I would hazard a guess and say that barring a couple of volume days this company is headed to lower than 2 cents.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 220000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.021 |
2 | 128307 | 0.020 |
1 | 688535 | 0.019 |
1 | 345696 | 0.018 |
1 | 1000000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 220000 | 1 |
0.028 | 1000000 | 1 |
0.030 | 780000 | 2 |
0.040 | 100000 | 1 |
0.050 | 593981 | 2 |
Last trade - 16.12pm 15/08/2024 (20 minute delay) ? |
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