RE:BNNargon12 wrote: They need to get one of the institutional buyers on BNN and speak about the merits of this company.
Online auctions is a huge growth industry.
What will BNN do other than a quick spike and then back down again? This was sold to you at an inflated price.
The reality is this was taken public at a ridiculous $1 billion+ valuation. Sure there is growth but the price paid by IPO chasers more than included that growth and more. People do not bother to read the prospectus; heck brokers themselves didn't even bother to read it and push it to clients, so everyone deserves to be slaughtered.
The markets have become a giant casino where buyers think profits will be instant. This will be single digits soon but Intercap that controls this company has made themselves hundreds of millions on the deal. Investors, not so much.