up 30%, why?, page-8

No worries merchant. Tightly held indeed. Try getting some more but the price keeps running away from me.

I think the nasdaq listing is going to provide some much needed liquidity and significant re-rating in market cap! great move by management.

my calculations suggest that its trading at a discount

i know there is a negative ebitda but its important to note that each independent business line is turning a profit and growing sustainably, what i understand is there has been a lot of one of acquisition and corporate cost and they upgraded their servers at a cost of over 1.2M. They also receive a 1.2M++ r+d grant from the government every year which helps with cashflow

this is a highly scaleable business and once a majority of the one off costs will have been absorbed there will be free cashflow

their revenue growth has been phenomenal from 1.1M to 12M then 20M over just 3 years and my concern was that it wasn't sustainable but i have been proven wrong

i think its very close to sustainable profit and one thing is clear....the Aussie market does not pay much attention to tech stocks but it wont ignore earnings

so i think 10M market cap is still very low with how far they have come, the infrastructure they own, current sales and does not factor any future earnings!

i think that in the long run this could be a multi bagger but for now i am happy to keep adding at these levels