Sadly the great majority of filings do have wrinkles that the SEC want ironed out. I'd be happy with getting the green light this year, IMO the listing won't be the biggest near term driver of value. AJX is clearly on the radar of the US IB's Instos etc and so just kicking goals should be met with buying interest. A DoD contract, confirmation of sales and growing revenues will all help the SP push on. Next year when the company really begins to ramp up will be an excellent time for US exposure and retail involvement, as it should help maintain forward looking valuations. I wouldn't discount a $1 billion AUD Market Cap by this time next year, although that will need everything to pan out as hoped with DoD and for commercial growth to kick on.
AJX Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
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