Ronnie, your comments regarding valuations are extremely misleading. For the benefit of everyone here is some insight into BIQ.
The underlying premise for any investment is to receive a return on your investment, whether it be through a capital gain and/or a dividend. Unfortunately, given the nature of BIQ's business model it is not in a position to do either.
Firstly, it doesn't matter if BIQ makes $100m in revenue - if its costs are only ever going to match the revenue (e.g $100m revenue but also $100m costs), the company is simply not making any money. That means a potential shareholder will receive a greater return on their investment from, for example, having their money in the bank (2-3% interest rates?!).
Secondly, BIQ has failed to achieve meaningful growth over the years since listing. With the minimal growth that it has achieved, so too have the costs increased. If BIQ had substantially increased its revenue, with the promise of growth, shareholders may have seen some capital gain rather than loss.
This is why the market does not value BIQ any higher, and the reason it has fallen from $1.00/sh to 3.5c/sh since it's IPO all those years ago.
BIQ Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held
