I also think this valuation report is old and outdated since it mainly focused on the Auto Drip and not PeriCoach
My main point which I keep banging on about is the size of the total market
Because a 1% penetration of the 15% 'Willing Market' globally would yield $158m per annum in reoccurring revenues
Even if we assume that realistically the willing market was 5% 1/3 what ALTs research shows that 1% penetration still yields over $50m
The market is big enough that even a tiny take up will yield a huge opportunity so as I've kept saying it will all come down to execution and acceptance of the product and this is the big risk will the product actually deliver what it says it can and achieve market acceptance.
I'm waiting for a research report from Patersons they tend to follow up capital raisings with one QFX CSS
ALT Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held
