Info below is all taken from the Prospectus, company...

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.