People who easily get offended on a public forum probably doesn't have the right sentiment when it comes to rational investments decisions.
Sell sentiment is based on:
Lots of spin in asx announcements.
Reputable auditor resigned without a reason, replaced by an unknown guy who calls himself creative auditing (major red flag).
Gleneagle's track record of pumping and dumping. Some mugs actually believed their 'research'.
Any company that is predominantly a buy sentiment on HC is probably already overpriced.
No word on expected profits, only sales.
No competitive advantage over the medium/long term.
No track record of profits outside the core school sms business.
40M market cap is very high for a business who has struggled to remain profitable over the last decade.
Price/Sales ratio is very high.
Little NTA backing if things go wrong.
Discretionary retail electronics is extremely competitive. The watch will need constant cash injections to stay relevant.
Keep living in a state of delusion and denial. Charlie Munger once said that failure to handle psychological denial is a common way for people to go broke.
