"I don't think this business has any competitive advantage...

"I don't think this business has any competitive advantage whatsoever"
I'm going to guess you don't know much about ISP space. reliability and customer service is 80% of the battle. Cost lets you win more customers, but you make such thin margins that fighting to win those customers is not worth it. Compare a Dodo customer to an ABB customer type thing. ABB makes fatter margins on each customer and this is just talking residential.

Business internet services is where the $ are and ABB is gearing themselves up to be a VERY strong competitor in the business space. Residential funds the backbone to support business is how ISP's make real money. ABB will win over A LOT of business customers as most businesses don't care that they will be 10-20% more expensive, as long as when they call support they get REAL support.

"It basically went IPO because they struggling financially"

Did you read the documents? literally the money is going into a 40 million deployment of their own fibre network to run backbone services, has nothing to do with day to day operations. They aren't running profit as they are turning all their money back into the network which is how smaller ISP's become bigger ISP's ever dollar they make, they put into buying more and more network infrastructure.

Honestly the misinformation in your post kinda yells like you are just asking for the stock to crash. You can't say "my opinion" and make false statements. I could pick apart more of your post, but honestly overall it just seems like you don't really grasp what and ISP does and needs to do to grow.