@binwood - Thank you! You're 100% correct. My bad.
I've updated the calculations below. The growth rate will need to be 110% per quarter.
A few other comments in response to some other posts:
* Mark Fisher hasn't been on TV, Patrick Canion has. Patrick is the Chairman. Mark is the CEO
* I agree 85% or any number greater than that makes anything look good.
* I am not saying IAM will or won't get to M4 by 30 June 2019. My intent was to throw out numbers there for all to read. I will sell out when I believe the business is not in line with my risk appetite. For now its fine.
* I think for IAM to achieve M4 is going to be EXTREMELY challenging. All the more reason the company should provide more insight and guidance on how it intends to get there.
* If we assume that everything is shifted to 31 Dec 2017 this year, then the growth rate would still need to be around 110% Q0Q.
Apologies for the error.
Bodhi_Trader
IAM Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
