I have also learnt to stay away from tech companies with big promises and are new, looking at the track record, it's just not worth it unless V STT.
The losses in top tech are enough to keep me out of the sector for a lifetime at micro end.
I see my old flame IAM on all time .006c lows, and yet an operational highlight is to refresh the marketing/brand.
Nothing much changed, only 4DS has made it, and at the other end IBN has just done a 100:1 consol.!! 95% loss.
You really do need something super unique as this market is just way overcrowded.
Damn hard sector to get scale. Massive competition in most sub-markets
I picked CM8, only because they made a profit (rare in that group) and had pretty decent revenues at time, yet the market was pulled under their feet by telco regs and a once hot market, matured apparently within a year! and they wrote it off. down over 83%. Now they are trying to reinvent themselves in another hot market. Influencers.
I did see FGO mentioned here quite a bit, but like SYT, I just couldn't get my head around the models/revenue/cashflow so really couldn't comment.
But in general, early IT/services tech is a big avoid for me.The Company is also using this opportunity to refresh its corporate brand. The Company website, BOOM software andmarketing material will all undergo a complete overhaul to reflect this new and exciting brandThe Company is also using this opportunity to refresh its corporate brand. The Company website, BOOM software andmarketing material will all undergo a complete overhaul to reflect this new and exciting brand
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