RE: Interesting article30 May 2025 09:57
Feels like a reality check is needed on this board. According to the company financials, we recently got very close to running out of money. We had 160m shares, owned by the company, to sell, and we got the princely sum of $18m for them. This might keep the lights on for a few more months, but it is all we could get for 5% of the company. If we were in good shape, maybe we could have achieved $20m, or $21m, but we couldn't. Just $18m.
There are some people on here that talk about this company being worth $1b (!). Notice no company was willing to pay $20m, let alone $50m!! For the sake of balance, we'll ignore the idiots who say it's worth $1.5b, or even $2b. They're not even worth reading as they do their trading through the early learning centre...
Some one here are deep underwater and away with the fairies. This stock has a long road ahead, and it's going to get bumpy.