Info below is all taken from the Prospectus, company presentation and the Appendix 4D/E, in which you can read it yourself.
This company has: - $565k in equity, ~$800k of which is in cash (pre-ipo) - Assets down 50% from 2019 -> 2020 - Liabilities increased 300% from 2019 -> 2020 - Operating losses doubled YoY to -$771k - Has barely over 1,000 customers. - Raised an additional ~$6.5m from the IPO
People are paying >30c (>$180m market cap) on a stock that's got all of the above. Traders are enjoying the ride, I don't doubt that at all.
It is my opinion based on the fundamentals above that this is going back to <5c
Here are some arguments that I expect to see in the comments below from unintelligent trolls: "You're just bitter that you missed out" "you'll have to pay up higher, you just want the price to go down" "down ramper"
Enjoy your weekend.
DOU Price at posting:
34.5¢ Sentiment: Sell Disclosure: Not Held
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