At 5-6c it was great buying, congrats to those who got in early.
At this price, it's approaching "fair value". Have to multiply price by 1billion shares (post-acquisition fully-diluted), which gives 130m market cap.
Take into account Amazon bought 2lemetary for around 100m a few years ago, a comparable and similar company.
We know very little about Buddy's financial model. We know it's got a bunch of companies already connected and using the platform, but we don't know what the prices/revenues are.
The only thing about their revenue model is from the announcement about customers being charged for data they consume, not data that is managed by Buddy
Based on what I know about SaaS and cloud hosting, that still means Buddy has to store and process all this data in the back-end, and storage ain't free. So for all we know, it could potentially be a cashflow negative business model for now (hypothetical example, store 100 TB of data, but customer only pays for 'consuming' 1TB). We just don't know.
So to anyone jumping in on the bandwagon, please be wary of rampers who got in at 15c trying to claim this is worth $400m+ market cap (40c+ share price) in the short term. That seems a little excessive at this stage, especially since due diligence hasn't been completed and the acquisition transaction is still a speculative punt.
