Well I have some mixed comments.
First of all, the short article was dated Sept 1st and is now 7 months old. It said:
we expect a 50%+ decline in PIXY within the next year from its current price of around $4.00.
Second, they weren’t far off as the price did get down to $2.05 in November, and is currently $2.69.
Third, the principals do sound like shady characters, and I have not had good results in the past investing in tiny companies with shady principals.
Fourth, they talk about huge billings which sound impressive, but actual revenue is quite small.
Fifth, their App, which would set their employment agency apart, was rather laughable back then, but we know that anyway, and they may have made a lot of progress since then.
Sixth, another point which the shorts made, is that someone who worked in one restaurant, can’t just come in and work a shift in the kitchen of another restaurant, for instance, without any training in their menu, etc.
Seventh, their growth rate seems rather remarkable and what they are doing sounds like a good idea, but for myself, I think I’d rather wait a bit and see what happens.
Saul