Ann: $2.48m Non-Renounceable Rights Issue, page-22

Hi - yes, I understand that conventional valuation (DCF and PE ratios etc) are less applicable to high growth companies, tech and software etc, which seems to play by their own rules.  So if that is your niche then good luck - it must be an exciting place to invest.  But it is not an area that I understand well.  And every time I have been tempted to enter into a company that is "pre-profit" I am usually glad I I avoided it.... I was interested in Buy-My-Place's model (BMP), and also Droneshield (DRO) a few years back!   Not high quality companies by any stretch, but I have done better with more boring conventional stocks.