FOS CAPITAL LTD IPO Analysis, page-95

Diddy

the company is valued at 8.3 MILLION MARKET CAP

It had 5.1 million cash on hand at 31 December 2020

Simple EV is MC less cash = 3.2 MILLION EV

The revenue for 2019 was 4.2 mill
The revenue for 2020 was 5.5 mill
The revenue for HY2021 was 3.5 mill (times 2) = 7 mill (THIS IS PRIOR TO THE GOVERNMENT GRANT)

They dont lodge quarterly 4Cs anymore because they are CASHFLOW POSITIVE

Find me a cashflow positive company with revenue growth growing year on year valued at 3.2 mill EV on the ASX

Sad thing is there are companies worth multiples of this one yet arent even cashflow positive.

Im not sure how simple I can spell it out for this guy, yet all he harps on about is irrelevant stuff like dodgy intangibles (in which he cant prove), and in which intangibles (usually made up of goodwill) doesnt even effect the way the business operates/generates profit. Thats how delusional this man is. I have come to conclusion that he is genuienly trying to take a position and is doing anything to scare holders.

3.2 mill EV is ridiculous