Re: Why is the BitFunder SDice pass through trading so cheaply?
Too cheap? What if it's absurdly overpriced?
1) Can it be overpriced because this guy in a funny hat and a mask can close it down with a flip of switch when he gets his first phone call from a 3 letter agency and is asked to close down his illegal gambling site?
2) Can it be overpriced because it trades at 7+ PE? (over 7 times the annual earnings per share) and has no valuable assets (actually I have not seen the balance sheet. Have you?)
3) has no unique business model, that can not be copied with few programmers and mediocre web designer? (Why have I not copied this low-life business and launched my own gambling site? I consider gambling as a really disgusting business and I honestly do not give a flying fuck if you disagree.
4) or is it because sdice can spin coin from IPO on sdice to make it look way better than it actually is? (This is a small price to pay if it helps to sell out it's final 6+ mil shares but becomes unnecessary when the IPO is sold out) <- pure speculation, do not get hysterical!
5) ...
PS! btcbids, your phobia of capital letters and "enter" key in not as cute as you think. Maybe you can skip the spacing between the words too, thiswillmakeyourpostsevenmore"fun"toread. LOL
1) Can it be overpriced because this guy in a funny hat and a mask can close it down with a flip of switch when he gets his first phone call from a 3 letter agency and is asked to close down his illegal gambling site?
2) Can it be overpriced because it trades at 7+ PE? (over 7 times the annual earnings per share) and has no valuable assets (actually I have not seen the balance sheet. Have you?)
3) has no unique business model, that can not be copied with few programmers and mediocre web designer? (Why have I not copied this low-life business and launched my own gambling site? I consider gambling as a really disgusting business and I honestly do not give a flying fuck if you disagree.
4) or is it because sdice can spin coin from IPO on sdice to make it look way better than it actually is? (This is a small price to pay if it helps to sell out it's final 6+ mil shares but becomes unnecessary when the IPO is sold out) <- pure speculation, do not get hysterical!
5) ...
PS! btcbids, your phobia of capital letters and "enter" key in not as cute as you think. Maybe you can skip the spacing between the words too, thiswillmakeyourpostsevenmore"fun"toread. LOL
lol, agreed on all of the above.
apparently its becoming quite common for asset issuers to use varying methods to pump their share prices far far beyond reasonable earnings. its all fine for now. until the day that something clicks somewhere, and the price drops like a rock leaving a lot of people with near worthless crap. well.. except the issuers hehe they make out like a bandit in the meantime. but thats okay, everyone accepts it, and just hopes they are not the ones left holding the bag at the end.