MYA 0.00% 10.0¢ my atm holdings limited

3.3c was 91m , the current 4.9c now prices this at $135m post...

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  1. 13,386 Posts.
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    3.3c was 91m , the current 4.9c now prices this at $135m post the reconstruction and the $5m ipo at 20c , what was it again they were buying , a tech company that had to borrow money from MYA to stay afloat.

    Only a 6 weeks ago 750K raised by MYA AT 1C PER SHARE to advance loan funds to iWebgate Technology Limited and for working capital. There is something absurd making 400% on a raising to keep another company afloat. $135m valuation for this same company at 4.9c , recent sub holder paid around 150K for 16m shares 6 months ago now worth around 800K , what was worthless has now gone up 500% plus. Buying tech is now so high risk that valuations are pricing in 5 years plus of earnings growth. Will watch from the sidelines to see who takes profits first.
 
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Currently unlisted public company.

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