or more accurately ODN is GRD. ODN is a clean shell which gridComm will become the majority shareholder allowing it access to the capital raising mechanisms of the ASX in order to fund it's rapid expansion plans. GRD will have at least $4m from the initial planned cap raise at 10c plus they have recently announced they have secured $5.7m funding.
As the performance shares which are designed to be achievable, target $10m income within 5years. What is a reasonable market cap calculation based on ebitda of a company with little debt and an annual income of $10m? What would the SP be (difficult to calculate without the consolidation ratio - assuming 5:1?
