RE: I’m baffled by the Bulls here14 Sep 2018 17:25
Yes, as a few folks have posted here in recent weeks:
1. TOOP floated at a crazy ~£8m marcap on tiny ~£40k annual revenues.
2. CEO has cashed in a ridiculous £1-2m of shares since float.
3. TOOP has lost a huge ~£4m since float.
4. TOOP will lose ~£1m this year.
5. Big shareholders have sold tens of millions of shares in recent weeks.
6. There is a ridiculous billion shares on the market.
7. Customer reviews on Google are appalling. Its Trustpilot reviews are largely not real.
Suspect this will drift down to 0.1p in H2 2018, which will be followed by a share-repricing in H1 2019 at something like 10p, followed by another big placing to keep the horses fed in H2 2019...