Small company and shares are illiquid
Serves a niche of roaming data for travellers with thin microchip sticker that goes over existing sim card. App allows users to conveniently switch between Flexiroam network while traveling and back to home network on return. No need to purchase local sim cards for specific destinations. Network covers 100+ countries.
Appears to be gaining traction as evidenced by
-increased activation of sim cards, customer retention and ARPU
-improving app ranking and google trends
Just raised capital to mates at a discount. May depress the SP short term due to irrational frustration of retail holders such as myself.
Assymetric balance of risk/reward from here in my opinion.