DSE 0.00% $2.77 dropsuite limited

https://old.reddit.com/r/ASX_Bets/comments/jn7mea/the_blatant_man...

  1. 186 Posts.
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    https://old.reddit.com/r/ASX_Bets/comments/jn7mea/the_blatant_manipulation_of_dse_by_topline/

    DSE
    (DropSuite). Here is their investor presentation for reference.

    https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02297140-6A1002447?access_token=83ff96335c2d45a094df02a206a39ff4

    Now I strong recommend keeping your eyes on this stock because it will run. Not at the moment anyway, because there is a 1M cap at $0.13. But let's explore why that cap is there, for the people who've never seen market manipulation before.

    To preface, DSE is pretty f*ing good. It's currently rocking a $7.3M ARR, 74% YoY ARR growth and a $61M MC. Highly rated and scalable business with limited costs and strong demand. For a SaaS business with non-scaling costs, strong growth and a 3% churn rate, this is as good as it gets, but the MC is being suppressed hard.

    Why is that? Well, unfortunately, DSE is so f*ing good and almost boomer-stock worthy, that Topline Capital Partners has made it their mission to accumulate as much of this stock as possible, they've currently hit a 14.4% holding as of 8th October, which is actually quite impressive, given the low day-to-day trading volume.

    So.. how do you accumulate a stock without many eager sellers? Let's go back to Stonks 101. If you put a large buy order, the stock only gets pushed higher upwards because of artificial support. If you buy out resistance levels, you also drive the stock up. So what do you do? You cap the stock with a massive cap ($100k) and force the impatient to sell. This has been what Topline has been doing at $0.06, $0.075 and now at $0.13. After each accumulation cycle, an article is released showing change in substantial holding, then they remove the cap and let it run, before capping it again, to alleviate buying pressure.

    If you're a holder, I would sit tight, because this is in essence one of the most undervalued stocks on the market at the moment, if that isn't clear by now from its incredible fundamentals and inevitable growth.

    Last edited by Alekhine: 05/11/20
 
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Last
$2.77
Change
0.000(0.00%)
Mkt cap ! $193.5M
Open High Low Value Volume
$2.74 $2.78 $2.62 $52.50K 19.04K

Buyers (Bids)

No. Vol. Price($)
1 10000 $2.57
 

Sellers (Offers)

Price($) Vol. No.
$2.78 708 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
DSE (ASX) Chart
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