im sure the investor who sold at 81 cents might need a few drinks after what hes seen happen to his share price wonder if he can afford to hit top shelf to drown his sorrows[:p]
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im sure the investor who sold at 81 cents might need a few drinks after what hes seen happen to his share price wonder if he can afford to hit top shelf to drown his sorrows[:p]
Has anyone figured out yet what happens to a loyal customer base if you flog them shares in $1000 parcels that immediately lose 20% of their "value" and are totally illiquid?
Wouldn't surprise me if the founders wanted $800 for drinks and figured it a sensible way to make an easy $750.
do you even think its worth 20c though :D i fell sorry for shareholders obviouly the owners knew it was a dog but sucked in people with advertising.
boysy - I just gave my valuation.
Well the founders are not laughing all the way to the bank... That was the reason why they listed this company because they wanted to attract investment from other means than their own pockets... one of the directors was reported saying in the chch press that the extra money he had to front for this IPO to go ahead "came at a stretch"... over 1million from 2 directors... cant remember his name and exact added investment because im not looking into deeply, and Its a stock we can all laugh at rather than time entrys at 50% plus discount to IPO price etc.... these directors arenot laughing all the way to the bank...Quote:
quote:etrader
BFW what a joke.
The founders are laughing all the way to the bank
Someone here tried to compare Pike to Burger Fuel, and said that Burger fuel was better... Burger fuel is nothing like PRC, and BFW has nothing on what PRC will offer over the long term.... and I cant be bothered explaining why...
[8D]
.^sc
Fair enought SC
Mind you depth has come on strong with buy side building strong now new buyer looking to pick up 5000 at a 25% discount to ipo
the founders valued this company pre ipo at $45m.
the market (so far!!) values it just under $43m, including $8m cash.
Will be interesting to see how quickly the $8 mill get chewed up and when they'll come to the market for mor $.Quote:
quote:Originally posted by Yossarian
the founders valued this company pre ipo at $45m.
the market (so far!!) values it just under $43m, including $8m cash.
I hate to be negative, but the share price at the next capital raising will probably mean a lot of dilution for existing holders.
That said, I'd honestly like to see Burgerfuel prove me wrong.