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10/04/18
19:48
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Originally posted by lakota6
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Of course it is in cash burn phase , that is obvious . They are setting up the company for the future and to do that , they have to spend money on capex , including factory costs, wages , application costs etc
Surely it is not to difficult to see what stage GMV is in ...no revenue until approvals and factory in production , which is why the SP is in the 30c range...speculation that GMV will reach its potential.
If you want a share that has positive cash flow , go buy A2M , and pay 40 times more.
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GMV is flogging a cheap device that is easily copied. There's no standout technology attached to the device..
The next generation of smartphones will more likely than not have GMV's technology as a standard.
Until GMV's sales figures show a positive cash flow, GMV is nothing but a risky gamble. Apple and Android will smash GMV. 100%.
The people who floated GMV have already made their money IMO.
Let's see some sales figures to back up the rhetoric....
Until then.....
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