Just done some rough numbers around the strategic investment plan presented in the 2019 AGM slide above.
Assuming the following;
Pre IPO: $40M raised $1.25 = 32M new shares
IPO: $150M raised @ $2 = 75M shares
This will result in 500M shares on offer & assuming a SP of $2 gives Qbiotics a MC of $1B. The question is what do we see that Qbiotics MC will be post IPO years?
2 years post IPO, MC of $2B = $4 SP ? Revenue of $30M
4 years post IPO MC of $5B = $10 SP ? Revenue of $80M
8 years post IPO MC of $8B = $16 SP ? Revenue of $130M
