@mattpaff@AccessGroupANZ Hard to believe these guys are only doing 22M in revenues after all this time (I know they sold a chunk) with a 64M market cap - something is very wrong with that business
@mattpaff@Paul_Orford_AU The interesting thing is the IHR business doesn't fit investment profiles for either of those acquirers - acquiring loss-making tech for customer count is very 2021
@mattpaff The market sets the value and the conditions sets the current value - high burn (well any burn) producing tech (public or not) don't have a lot of value in todays market - Elmo is a great example - once very close to "unicorn" & exited at half that...
.......they are overpriced