It's coming back down to earth where it should be. A services company in a great growth area should only be 10x EBITDA (most get acquired at 10-12X). Even applying $15m EBITDA for FY22 (no confidence from AGM that this is possible BTW) then market cap is still only $150m, so 1/3 fall to come. Lord knows there are problem, that's why he's stepped in and killed the stupid 2 CEO structure.
Ann: Completes placement to raise $25m, page-91
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