The numbers speak for themselves these aren't downrampers they're realists
LVH boasts 538,000 people in its system, boasts that it "continues to demonstrate exponential growth with an average quarter-on-quarter growth rate of 23% and has a market cap that was at the time what....$300m? And can't even turn a million in revenue for half a year?
This stock is worth this:
* Cash $33m less 1/4ly burn of -$4m, discounted to maybe $22m
* Profit nil losing $9m pa no slowdown to that in sight
* Revenue $2m pa
= I'd value this at 1/10th its current market cap so $0.10c. Anything more than 30 cents is a pure gamble
This is a P-E VC play, not one for the ASX which has listed all these digital drillers and diggers. The Tide is going out on these one by one and they have 1 thing in common- no revenue, and business model is given a lot of time and money thrown at it and delivers nothing. Oh, and directors who seem to be found out for having NFI and were loose about what information they did and didn't release to the market.
Come on, seriously. All this and LVH still cant turn $1m from 538,000 people in the system? Its a pipedream and I'd be a fool to be buying this for $1. How can I short this?
This isn't downramping. Anyone talking this up is an upramper
LVH Price at posting:
95.5¢ Sentiment: Sell Disclosure: Not Held
