Found this company on the Korean market that’s valued a 60m but is sitting on half a billion in cash, look at the balance sheet
Ticker: 123420 Wemade Play
You cant’t make this shit up lmfao
https://i.redd.it/b4grk5dnk4lg1.jpeg
Posted by Timely-Dog8820
13 Comments
can we collectively own 51% of the company and take a vote on liquidating it
Where is the half billion?
Phone games companies are some of the most profitable ~~scams~~ companies
Sinaloa Cartel is 89% cash right now
this is in krw which is like monopoly money for Canadians
What does this mean?
Yahoo Finance says 84B market cap… what am I missing?
currency check ?
Half a billion South Korean Won is equal to $475 000 CAD / $346 000 USD.
lol 😆 have you considered that would be 500m KR WON and not fucking usd?
https://preview.redd.it/3arv6sz505lg1.jpeg?width=546&format=pjpg&auto=webp&s=d49664ab62d55b8fa209d9ff260f4a33e8bd1134
that’s USD?
Look at SOHU$. $1.180 billion in cash and short-term investments and long-term deposits. They sold their search engine to Tencent for $1.1 billion a few years ago. Market cap is under $500 million. The market is basically saying the company and their offices at Shenzhen have no worth. Unfortunately, the main business just burns cash and keeps struggling.