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JSB007

1,569 Posts.

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18/04/16

12:18

Post #: 17530473
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Originally posted by heraclitus ↑

Assuming they raise say $3M @ 2c in a public offer (they have indicated they intend to raise, despite existing cash holdings); then based on existing shares and vendor shares (I'll use the minimum 1.5c price floor to be conservative), you're looking at a ~$64M mc @ 2c.

Not sure the current market is going to pay that sort of valuation for a pre-rev RTO, regardless of how solid anyone might think the potential market. Also, I haven't included the potential shares issued, due to any convertible note conversion.

JMO. Happy to be wrong if it means everyone cleans-up.

glta

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I thought the whole point of investing in the spec end was because of the potential. Not sure how well this will perform in the short term but I am hoping some great things happen which realise the potential, which i also think is great.

APY Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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