I know saying that history repeats is a bad hypothesis.
BUT. You have seen the American fundies with afterpay. Specifically for RAN, their last cap raise for an ASX company prior to RAN netted them 30x profit. Richard Jenkins was a foundation member and head of Macquarie Bank from 1979. He built Macquarie up from the ground like President Deng Xiao Ping built China up in the 1990s. Even the humble Stephen Bowhill. The last ASX stock he was in charge of went 10x up.
And that was THEN. The climate has changed now DRAMATICALLY. Now their appetite is much bigger given what’s happened just the last 2 years with money printing and certain growth stocks and sectors experiencing 2000x growth! All the world’s Billionaires doubled their wealth during the Cironavirus pandemic alone!!
And what do we have here? RAN. 99% down. 1x up. WOW. It’s gonna drop to zero!!
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