I was drawn to this stock in May when the share price was...

I was drawn to this stock in May when the share price was lagging - I thought that exposure was low and no one had heard of it, it looked like it deserved more hype than it was receiving.

I bought in, and within weeks it shot up to above 60c.

However at this stage I think that growth may start to slow down a little, and given that the company needed to raise capital to add users, I think the road ahead will be slightly tougher. In saying that though, the management seems very capable, and seem to know the market very well.

I think it's also still speculative, and any involvement in this stock should be taken knowing the full risks. I think the Australian market is more cautious with these kinds of investment. Also keep in mind management has around 90% of the funds in escrow, so there may be more dilution down the track.

If they do manage to list on the NASDAQ, there is plenty of competition, so very hard to say to what extent they will benefit.