- Dec 11, 2019
Seems youre rightDefine "legit"
It seems like a pretty typical tech startup, try and get some big names attached, get some 'funding', pump the stock to high heaven, then bail after a year or two. The ASX is full of them. They get their listing from a company which has previously busted so they're on the ASX (usually either a failed mining company or another failed tech company), spike up with some good news, and then crash down again.
Not saying this company in particular is that dodgy but it does ring some alarm bells, especially given the complete lack of publicity for literally anything they do beyond announcements of funding.