Company will have a little over 4.6M cash at the end of June so cash backing will be 7.0c by the end of June - 1M EV as at today's close 8.8c.
The market has spoken clearly not too excited by the singing up of the social media 'star', however the social media aspect is a side show for me (at this early stage) the main event is the connected car space. This is where I see the true potential value unfolding.
From the 2/5 ANN:
"HearMeOut is working to expand further in this market and expects to secure other agreements with major auto manufacturers in the short-to-medium term following its agreement with Ford."
Interesting to note that Lyons who works within Ford is incentivised via options exercisable at 30c, 160K of which expire in a little under 2 months.
EV - 1M (end of June) this was approx 10m a few months ago.
Only 65M SOI and top 20 hold approx 60% available shares won't take much to get this moving.
