TA Perspective, page-327

Just initial thoughts... price target - 30 cents

Why?
1. Execs payout too high compared to profits booked... wait, there's no profits.
2. Lots of Sales people - Trying to bring in new revenue
3. Lots of Engineers - Two likely scenarios
3.1 - Revamp of the platform (eg: new functionalities) due to feedback from existing customers
3.2 - Fix of Bugs and issues of current platform to service existing customers
4. You'll find that CR of $50M is probably depleted by 25% already... again due to excessive cash burn
5. Intangible assets - cost of user acquisition as "Asset"