I could not fathom with Wallstreet’s thinking. Some of Those companies with phase1 are not really making money. They just announced that they would do such and such. But the stock prices were valued at multiple billions. Seems Wallstreet are not using the same yardstick to measure companies. I generally agree with you though that the companies need to make progress and then this companies need to make money. But only focusing on money and not appreciating the efforts spent behind the scenes is not right either. Because they will miss the opportunities when this small companies written off transition to big companies with healthy growth.
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