SELFWEALTH SP UP 287% in 3 Years @ 24cps, page-3

Where is the growth?

The discount execution platforms Openmarkets (SWF) and Finclear (Superhero) are really not making up ground against the gorilla (CommSec), despite their much higher fees. Neither are they growing their turnover on an absolute basis.
Finclear turnover includes the Pershing purchase for last 6 months.
SWF spent, in the last 6 months, $2m on advertising, burnt $3.5m cash, are 3 times more expensive than competitor and posts here are complaining about the app. Shares are 0.58c below their peak (236m shares on issue).
The platforms are not profitable and have been raising funds.
In terms of a price target, short of a value proposition, 16c looks more likely.

IMO - DYOR