Having put the ruler through ZIP's numbers today...
I expect cash to be around $1.8 mill at end of this quarter (following recent cash raise and no R&D income).
Market cap at current price is $2.7 mill (149,733,899 shares x 0.18 (using current price)).
On your reasoning, market values ZIP IP at 900k or share price will lower (further correct itself) on Monday.
Cash backing is at 1.2c per share.
Ann: Company Update, page-80
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