Just received the vantage analysis report and page 21 outlines the valuation conclusion. An extract is posted below. A free copy can be requested from the company.
Valuation Conclusion
Low end of the range - Floor of 16.5 cents per share in
the unlikely event that the Beijing contract should fail.
Upper end of the range - $1.45 based on achieving the
“minimum sales targets” required for exclusivity in
Beijing as outlined in the contract.
QTK
quiktrak networks limited
valuation
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