Comment by
SIGG1 on Jun 08, 2022 6:45pm
This Piece of Junk is overvalued. Will be trading for just a few pennies soon as they will run out of cash. No wonder why some insiders have been selling. They are losing cash fast and it won't be long before they have to try to raise some more and create huge dilution.
Comment by
LiquidReality on Jun 09, 2022 1:49am
Geez just a month ago you thought it was undervalued? Of course they are losing cash as they are expanding so rapidly, but should be profitable very soon, which few others in the space can say. It's an easy quadruple from here.
Comment by
SIGG1 on Jun 09, 2022 8:55am
Well I was wrong. That was before I saw their last financial statement. I thought they had a nice cash position but then I realized that it could be all evaporated within only 2 quarters which will lead to more dilution. Also, a market cap of 28 millions for only 28 ghost kitchens is very overvalued. These Phillipine kitchens are not worth anywhere near 1M each.
Comment by
LiquidReality on Jun 09, 2022 10:15am
You got the wrong country. The 28 ghost kitchens are in Taiwan.