Ann: EN1 Secures Additional Growth Capital of up to AUD $8.2M, page-70

My friend, you need to read the cleansing statement more closely. Those shares are issued at an implied value of 22cents, not 2.2cents. This is payment to the ADCEL vendor who has since give us an amazing exposure in terms of integrations including the one that once live is estimated to have potential to generate $100K USD per day! Denys is a genius and he must be scratching his head at how valuations of EN1 have drifted so far since he agreed to that deal that saw ADCEL absorbed by EN1. Still, i think he will do very nicely in the long run. I've done a lot of research on this company and whilst raising funds at these levels was not ideal, now that the company has access to cash for pre-pays, 2019 is going to be the turn around year from which we will never look back. I'd put the inflexion point in quarter 2 which means as opposed to 2018, the back half of 2019 is going to be massive. I have good contacts in the advertising space who suggest that EN1 are in a really sweet spot that is going to get very very large and these guys will be very very profitable. Compare with The Trade Desk on NASDAQ valued at around $6Billion USD