Thursday, 26 May 2011
XOX: Next GPACKET?
I can't believe it, I thought only company that make money can be listed, but apparently I'm wrong.
Look at the next IPO: XOX. IPO at 80c per share. It made loss of 13mil in 2009 and the loss widen to 16mil in 2010. So the company desperately need your money to help them. Would you join in their business?
Well, unless they present an extraordinary business plan, I think most fundamentalist will surely avoid it. I'm lazy to look for their plan. What I assume is that in this highly competitive telecommunication business, small company is hard to survive.
Like most recent IPOs, I think the share price will be up above 80c in the first few days with super high volume, then falling slowly below IPO price. Now I'm very keen to know how much "over subscribed" XOX can achieve!