Yep, sound crazy, isn't it? I guess probably Mr Market does not look at the numbers to figure out the Price for those start-up Techs, instead he may look at the company potential such as its unique Tech, the speed of capturing market shares, or how disrupt the Tech is, etc.
If we look at the numbers to come up with the Price, then we may look at UPD, a potential disrupt in relocating houses, based in the US, but listed in ASX. Last 4c, UPD reported a Revenue of 259K, cash burnt of 2,5M in US dollars (NOT Aud), interestingly Mr Market values UPD of 672M as of today's price. Unbelievable, isn't it?
LVH Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
