The worry is that it doubles its revenue every 3 months at at costs running at 4x in the same period. Opening new shops, comitting into long term rental leases and employing more people, paying more executive costs, more marketing expenses and spending more on partner programs ... Every one can do daigou. There is no barrier to entry.
The real worry is that the founders of this company are just into scamming investors to get rich quick and hold out for just as long as they sell all their shares back down to under 6 cents and call it a quit. In that case they would have made enough money to set themselves up for beingmoderately rich in retirement.
AU8 Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
