Mate not too only that, they have 96M cash in the bank!
96M!
Zero EV, approx 3.5M cash burn let’s say 5M with any legal fees just to be safe!! Peanuts.
Their cash position is the envy of most companies and most certainly any small
Cap on the ASX.
The 55% drop on Wednesday given news that was known to market ALL of Tuesday was completely fear retail driven.
Believe the gap closing at 93c is a formality at this stage. By comparison SGH was in billion debt, had barely any cash in hand and was only generating a minuscule ebit in the millions.
Frustrating for holders who baught in the 2-4$ range but a gift for anyone considering buying at the current MC given the war chest they have at their behest.
