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IPO isnt the beginning of a business. this business has been...

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Nige456

778 Posts.

94

13/03/19

18:23

Post #: 37751402
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Originally posted by Endpoint: ↑

Many are missing the point, this listed just weeks ago and is still up 6x from IPO.

Management have a plan and they now have the money to execute.

They don't control the share price. Longer term their results control the share price, shorter term traders and speculators control it.

As an investor I would've like to see 20c become 50c in 3 months then $1 in a year then $2 in 2 years then maybe $5 in 3-5 years.

Unfortunately (or fortunately, depends which way you look at it) the stock ran way too hard too fast, but that's not a reflection on the company, it's management, it's plans or it's potential.

It's simply a reflection of people getting ahead of themselves. That 'irrational exuberance' doesn't change the long term prospects, just the share price journey along the way.

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IPO isnt the beginning of a business. this business has been around for ages and has resulted in {drumroll} zero traction.

SPT Price at posting: $1.30 Sentiment: Sell Disclosure: Not Held
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