I could understand if they reached.full boat. But they havent.even penetrated their market competition , and the yoy growth is fading already?
Heavy expenses brought renn nothing in terms.of. growth
Spent half of their ipo cash already in 2 years and delivering fading yoy growth?
Renn is an M&A play. Bc they have grrat foothold, but the expense of upkeeping fading rev pool will break this co.
Revs should be into the 70 mm range to get a huge lift.here
Instead revs are coming in 27mm?