Have seen a lot of positive publicity coming out about GetSwift from AFL media sources and the AFLPA channels.
Interesting to read that they may have been misleading shareholders with inflated announcements about deals and not updating the market about losing contracts, a big no-no for a listed company.
Looking at the figures it seems amazing that a company generating only $30k revenue per month (a lot of which is attributed to interest from their capital raising) could have a market cap of half a billion dollars.
http://www.afr.com/business/banking...ift-too-fast-for-its-own-good-20180116-h0ji3t
http://www.afr.com/technology/getswift-shorts-will-keep-at-it-20180122-h0m2ic?btis
Is this a pump & dump / ponzi?
What consequences do blokes like this face if they are caught withholding information as the article suggests?
Interesting to read that they may have been misleading shareholders with inflated announcements about deals and not updating the market about losing contracts, a big no-no for a listed company.
Looking at the figures it seems amazing that a company generating only $30k revenue per month (a lot of which is attributed to interest from their capital raising) could have a market cap of half a billion dollars.
http://www.afr.com/business/banking...ift-too-fast-for-its-own-good-20180116-h0ji3t
http://www.afr.com/technology/getswift-shorts-will-keep-at-it-20180122-h0m2ic?btis
Is this a pump & dump / ponzi?
What consequences do blokes like this face if they are caught withholding information as the article suggests?
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