Understood Jake, But one must assess the market conditions in...

Understood Jake,
But one must assess the market conditions in the relative time.
During NOR's run we were in a strong bull market and tech bubble, any piece of crap would run to $50m MC. And if it had quite a bit of users and hype then $100m MC was standard. Also we didnt have regulations of tech RTO rules on ASX unlike now. Some great runs were had.
ie. DUB, NOR, RYG, BRN, RAP, SMN, VPC, RFN, 1PG, VTX, GAL, KSO.
Regardless I came fresh into the market and managed to buy the top on NOR perfectly at that relative time.

Rn tech isnt as hot, and specs have been quite bearish for last 5months. So having an un-monetized app, high burn, bugs, an app that really doesn't deliver what it says it does, a raise at 2.7c and friends raise at 2c with brokers dumping a 100% profit at 4c, $30-40m MC you're taking on quite a bit of risk imo. Hope it pays off for you.

Have to be a bit more stingy in this market.