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There’s been a retail investor exodus from the markets, as is evidenced by Robin Hood’s disclosure of a widespread disengagement of its users over the past 2 quarters. Could it be that the existence of a vastly inexperienced and isolated investor base has finally manifested itself as a situation where the first sign of market turmoil turns into a flight to safety? How many have been irreversibly monetarily affected, in turn causing a disaffected state of mind? After all, 2020 to 2021 saw the biggest influx of retail investors in history, over 10 million.
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We invited Wavedancer, Inc. (NASDAQ:WAVD) CEO Jamie Benoit to a Fireside GeoChat to shed light on his role at the company and the events we’ve been witnessing over the past couple of months regarding it rebranding initiatives, including the acquisition of Gray Matters.
We thought that was an important piece of intel to probe into during our conversation because other than a brief discussion of Gray Matters in a few press releases, we never really got a full look into what this company does.
Jamie does a great job of talking about the problems that Gray Matters is solving and how its use of the blockchain should not be viewed as associated with the hyped up and pump dump conversations surrounding worthless cryptocurrencies.
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Since 2010, there’s really been this disconnect in the market. A lot of high flying stocks, with high growth rates and revenue with perhaps little earnings per share growth or maybe even negative cash flow, had risen to nosebleed valuations in terms of prices to sales and enterprise value to sales ratios. You can’t value them on other metrics, really. Some of them might have weak balance sheets, using debt and leverage to grow their revenue.
Since 2010, there’s really been this disconnect in the market. A lot of high flying stocks, with high growth rates and revenue with perhaps little earnings per share growth or maybe even negative cash flow, have risen to nosebleed valuations in terms of prices to sales, enterprise value to sales ratios.