I wonder if anyone thought we would get to this point back in the pre Zuffa days. Kind of incredible to think about.
Alta lost14 million usd last year
Accounting loss due to shares issuance
Actually a very unique business due to Capital Lite partnership model with gyms and not having the capex of running gyms and rent and equipment etc
Technology stack in their platform/s mostly or probably all built - if you look at their acquisitions, they are all built platforms running perfectly
Itâs an amazing sport
Bruh in their own Ipo they say âWe have assessed that there is substantial doubt related to our ability to continue as a going concern because we had incurred losses after tax of A$20,597,436 at June 30, 2023, as compared to A$11,197,450 at June 30, 2022, had net cash outflows from operating activities of A$5,555,868 for the year ended June 30, 2023, as compared to A$8,055,185 for the year ended June 30, 2022, had a net liability position of A$31,134,307 at June 30, 2023, as compared to A$12,865,790 at June 30, 2022, and net current liability position of A$21,916,914 at June 30, 2023, as compared to A$9,069,424 at June 30, 2022.â
This is not a financially stable company
but sure conors fuckin instagram followers will save your retirement fund
every growth company goes through this stage.
Yeah and 99% of them end up bankrupt because the founders already made out like bandits at the IPO and donât give a shit anymoreâŚ
Oh wait thatâs already happened with ALTA
The product has gotten better somewhat in terms of production. For instance, the Alex pereira stare down camera work. Some better minds are involved compared to before when it comes to little things like that.
yeah but the cards fucking suck. Remember when Jake Shields and Tyrone Woodley were stinking up the joint so the ufc decied to experiment with a fuckin crane camera shot to try convince us the fight was exciting?
Another all-time high for TKO
didnât they fuckin lose 300million dollars last year? I will never understand the fuckin stock market
TKO dropped 8 percent today