SKK - Stakk Limited

[galumay]

I didn't call you or anyone else an idiot.

I dont think anyone is seriously suggesting this is an investible business, but that doesnt mean you cant make money on speculative trading of the shares.

 

[tech/a]

Thing is it’s 40% on your money in 24 hrs
o thing to be sneezed at !

 

[frugal.rock]

Now, If only I had missed close yesterday...., haha
Totally nuts !

 

[Dona Ferentes]

The most cursory glance tells the story of this stonk.

This is what is written about DOU.. a fintech company that utilises proprietary software technology to deliver a software service through an operating model known as Software-as-a-Service . It operates a subscription based financial wellness platform, which helps customers spend wisely, save more and build wealth via a smart bank account and Mastercard debit card.

Gee, buzzwords aplenty. Perhaps it's a hooy grail, with a wellness platform a new incarnation of the back-of-issue magazine advice column format. Like motherhood, financial improvement and getting things in order can't be criticised. I mean, debt is such a drag. But it is a stonk, if only because those in need of such a service tend not to have the engagement/ commitment/ discipline, and those with the wherewithal to spend wisely, save and build wealth would be switched on to help themselves, without gimmicky Apps and reminders and their money swishing around accounts (part of which disappears as a clip, I'd reckon).

More fintech roadkill.

 

[frugal.rock]

I didn't call you or anyone else an idiot.

No, you didn't.
But, you could have.
Don't worry @galumay I consider your posts in a serious manner.

The douugh boys at it with greater force today....the mind boggles.
It hit a crazy spurt high of $0.49 at midday
I wonder what happens Monday?

Am suddenly reminded of a tune...

 

[HelloU]

Whilst SP is going up who cares about the facts (not me)

but, I keep these facts in mind for when SP stops making 52 week highs.
It is not a bank - it uses the architecture of a partner bank and has a "revenue sharing" arrangement with the partner bank.
It has somewhere between 0 and 1000 users right now (so 0 to 1000 revenue sources - less than 40 beta user reviews on Apple Store site).
It has an iOs beta app yet to be publicly released - and no android beta.
Prospectus speaks to user subsciptions in 12+ months, however the website has nil mention of this.

Announcements on app release expected prior to the end of the month for US (and by end of the year for Australia using Regional Australia Bank licence).

 

[barney]

I wonder what happens Monday?

Indeed FR ....... There was some serious money lost on this little puppy today ... Lots of big Buys going through just before the dance stopped.

Down 26% today, but expecting another push up tomorrow before the cycle repeats


Major Shareholder owns around 32% of "Douugh".

Their name is "The Digital Bakery"

Too much yeast for my liking

 

[Dona Ferentes]

Their name is "The Digital Bakery"

Too much yeast for my liking

got a rise from me.

Coming on friday:

a Free webinar available to give viewers the opportunity to hear from, and engage with, a range of ASX listed micro/small cap "hidden gems". Each company will give a 10 min presentation, followed by 5 min of Q&A. Confirmed companies presenting include:
Douugh Limited (ASX: DOU)
Maximus Resources (ASX: MXR)
Legend Mining (ASX: LEG)
Terracom Limited (ASX: TER)

Welcome! You are invited to join a webinar: Share Cafe Webinar - Micro/Small Cap "Hidden Gems". After registering, you will receive a confirmation email about joining the webinar.

This Free webinar will give viewers the opportunity to hear from, and engage with, a range of ASX listed micro/small cap "hidden gems". Confirmed companies presenting include: Douugh Limited (ASX: DOU) Maximus Resources (ASX: MXR) Legend Mining (ASX: LEG) Terracom Limited (ASX: TER) Each...

us02web.zoom.us

 

[frugal.rock]

You guys so funny... reminded me of this scene ! Lol

 

[over9k]

22c looks like pullback target.

Lol who was mad enough to buy this at 40c+?

 

[Lucky777]

I wouldn’t sleep on this! This new BaaS is a thing now, new type of FinTech, I would say is overvalued in the short term but cheap for the longer term.

Imo, it’s for the new Gen Z and millennials. Backed by other FinTech players, MD is a prev investment banker. Check out Superhero Fund. Gltah, I am a holder.

 

[HelloU]

Due for release (to the public) in US quite soon.... apple store links things are gone at the moment as the "proper" app is getting ticked off by Apple for release.

This was all due by the end of October but whatevs. Initially launching as free - apple only - with subscription down the track for the "investment stuff". So initially they make revenue from not paying users account interest, and from account usage interchange fees (Choice Bank in US and Mastercard)

 

[greggles]

Douugh on the go, after being re-instated to official quo.

 

[frugal.rock]

It slipped through past the keeper, probably because they low on dough, er, I mean cash.
3rd April partial announcement excerpt;

Up 2 ticks today.

 

[Dona Ferentes]

Glad it's been beater tested. .. that'll add to the mix

 

[System]

On January 7th, 2025, Douugh Limited (DOU) changed its name and ASX code to Stakk Limited (SKK).

 

[Dona Ferentes]

On January 7th, 2025, Douugh Limited (DOU) changed its name and ASX code to Stakk Limited (SKK).

I've just read the DOU thread , as good a series of snapshots , with absence of commentary as telling as the content, as you'll find...

and for posterity, the chart over those glorious years. So glad I was never enticed..

.
even the most recent blip, I presume on some reorganisation , spin, raising leads to rapid exit for those that are quick