the impact on the FX in the short run is interesting.you see,...

the impact on the FX in the short run is interesting.

you see, the way they front load expenses, which is USD btw, coupled with a weak AUD, actually means their financials in the near future looking weaker. Until the earnings catch up in USD, high expense in a strong currency is not a good news.

I do like other aspects of this stock. but given there are so many other alternatives to pick in the volitile market at the moment, I don't think I need to cof it up and buy above my price target.

An earning upgrade would certainly change my valuation though. Or a confirmed amount of fund raised through insto or high networth would make it more attractive too for me.