"In pitches to prospective customers, Riley drilled her sales team to say that the company had powerful algorithms powering the candidate search on Source. “This was entirely a lie,” said one employee, pointing to the fact that workers at the company were manually searching databases and putting together candidate pools after obtaining the job criteria from clients."
liar liar pants on fire.
this is where you have to look hard under the bonnet, and just because its over priced, doesnt make it a good investment. What MC are you paying, and what are the real chances to deliver cash flow to support that. Made harder when the overture is hype based.
the same can be said of any bubble though, fools can be separated from their money based on the fool before them that paid too much. The issue here, is whether false presenting of the actual state of the tech.
"Fake it until you make it" oh dear - thats not allowed surely?.
The ASX is a casino, and every stock is gambling on one event or another, but punters want to know the real state of the play in hand.
Well done to merchant for preserving whats left.
1PG Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
