General chat/ discussion, page-128

Depends on the round... I was in early at like 3c, but got crunched to 6.9c prior to listing. I am 99% positive that any seed holder who really did not want to hange around for the long haul would have been out LONG ago. I unfortunately took more in the IPo at 20c but i should have realised the valuation was stretched at the 20c IPO.... my fault, I then accumulated all teh way from 8.9c dow to 6.5 which was my lowest buy. Given what we know RIGHT now, i think the company is getting close to fair value. It is 26m EV on 7.2m of sales so ~3.5x EV to rev). I have also been across the Top 20 register as there was some real downward pressure and I wanted to know who it was. I can say for a FACt that a person this forum did accumulate a LOT, and was picking up dribs and drabs continually. I have made 24 purchases and 4 tiny sales to create liquidity when the price was rising. I was going to do another buy either yesterday or the day before when the inidcative open was going to be 12c, but it opened at 13c so I let it go.

The latest announcement regrding July sales is important to take into account. Given that they have done 900k in one month...and they have projected 2.5m for the qtr, you could say run rate is 10m. BUT.. knowing what Blair is like, I reckon he has deliberately told the market a low target in order to make an announcement to exceed it.. Why would sales from one month go down to the next considering we are still in Winter and past performance has shown they just keep on growing as per below graph? I am hoping closer to 2.8m in sales for the qtr then we have to wait and find out what may come out in terms of the UK! Do not get me wrong, 25% growth QoQ for an already established company will be impressive, I just feel it will be closer to 35% QoQ

As I said, I feel getting close to fair value here based on what we know, but any reasonable positive announcement and I may feel that fair value could be 20 - 25% higher.