Ann: Collar Keeper System Stage III Final Trial Update, page-6

Actually I was a bit disappointed with that change of Directors Interest recently. I appreciate the shares are still in escrow until Jul22, Jan23, Jul23 but the transfer was at 20c. I would've liked some of that.

I don't know who the seller was, however I look at the Top20 list and would guess it must've been Greg. Perhaps a reward for the MACA MOU success?

https://hotcopper.com.au/threads/ann-top-20-shareholders.6178373/?post_id=54717473

Its all guesswork from here. I just reckon the underlying EBITDA of the Hire and Placement side of the business, is justifying a share price ~25c (given expected Dec21 Quarterly profitability relative to the IPO valuation).

If Collarkeeper sales generate A$125k to 200k per month (as per the ASX Ann.) and COP is 50% (margin, scaling dependant), I reckon that would justify a share price around 40c+, in total. Yet plans are to increase Collarkeeper sales tenfold plus ... and more with overseas sales. Still, the A$2.45m IPO funding for Collarkeeper development, may account for the first couple of years COP. Maybe.

AIMO, of course. Its good to be part of an Aussie tech startup. I considered selling part of my holding and sensibly free carrying the rest but I think I'll enjoy the ride with this one. I imagine as the share price approaches 40c, a lot of early investors will consider the same.

As I keep telling myself though, early days yet. Its fun though. I'm having fun, is everyone else having fun?