This must be the least thoughtful post here, but it it probably...

This must be the least thoughtful post here, but it it probably explains why the SP is where it is.

1. There were 8 reviews out of more than 20,000 rides. Given JAY doesn't control the drivers and the nature of the industry this is extremely low.

2. JAY does get a lot of repeat business because the vast majority of customers have a good experience. Do you think they could achieve 21 straight quarters of exponential growth without repeat business?

3. The financials are exactly what was set out in the prospectus. They are growing the business, not trying to extract profit from the market yet. This is why they raised cash to fund this expansion. All of this is growth business 101.

Given the complete lack of understanding by the great unwashed of what JAY are trying to do they must wonder why they listed.