Great post JapanFresh.
The company is also very tightly held by the CEO (15%) and management so they will be incentivised to make this new offering a massive success. There is significant skin in the game here.
The reason I think this company could be a 4-5 bagger easily from these levels is that with circa 400m shares on issue, 6c is a market cap of a mere ~$24M.
The current valuation is absolutely tiny. Anything under 3c is a bargain. 3c would be a market cap of only ~$12M.
Even 10c would be a market cap of only ~$40m, which is only ~4x annual sales pre-COVID!
There is a massive disconnect here between the valuation of the company and its fundamentals/growth potential.
T.E.P.
Ann: Change of Director's Interest Notice x 2, page-13
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