The funny thing is ... they don't need the AdCel or the 2nd acquision
Their previous guidance was $24-25M p.a
That was before 2 of Asia's largest advertisers add $4-8M
The business was tracking red hot to cracking $30M in yearly revenues without any acquisitions or dilution ... and that is before beating any forecasts, like they did last half
They should scrap the Adcel deal, forget the 2nd acquisition, announce a blockbuster Q3 and see where this goes
This will make $30M+ p.a no worries, why screw about
EN1 Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held