Agree Baby Bear, everyone is so quick to throw in their 2 cents when they have no idea. The company is actually burning very little cash, the "cash burn" is actually money being used to fund the 1 month gap between bank's loyalty points being spent on the platform (99 pays the merchant) and the money being received from the bank by 99 Wuxian.
If an equivalent market place to 99 Wuxian existed in the US it would be on a 30x revenue multiple easy. It is like having The top 10 US banks as partners and VISA and the top insurance companies. Australians just don't get the scope of what the CEO is achieving. The sooner they re-list somewhere else the sooner i will be proven right.
Keep selling into me cause i'd love some more in the low teens
NNW Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
