Spot on. The MCap here is astonishingly overvalued. AB1 by contract is kicking massive goals as far as content, user and revenue growth goes, and is getting reasonably close to cashflow neutral status. ICI on the otherhand will burn through cash for the foreseeable future, has a relatively minor number of downloads by comparison to AB1 products. ICI also has far fewer products in the market (thus AB1 has a higher probability of success based on the portfolio approach). I would be very very cautious investing at these levels, it wouldn't surprise me to see the MCap decline to around $5m.
I don't hold AB1 either by the way, just using them as the most reasonable point of comparison.
ICI Price at posting:
18.0¢ Sentiment: Sell Disclosure: Not Held
