Easy up mate, we don't know the details yet. How much money do they need & at what price? Are they just going to take the bare minimum because they know more good news is coming? We don't know!
I've got a VWAP of 6.5 cents. What does everyone else have?
The IPO was oversubscribed & most of the original T20 hasn't dumped. The top 20 hold around 60% of the SOI, so in theory, 60% of the funding could be provided by just 20 holders. Time will tell. This is also an excellent time to determine if the BOD will participate.
Remember, revenue should increase every quarter. So if they raise another $5 million (plus the current COH of $2 million), that could see us through another 12 - 18 months. If revenue continues to increase & the ASX finally wakes up to the technology W2V has in her hands, there's no telling where the MC will go in that time.
The current SOI is 150 million.
A $5 million CR at 6.5 cents = 76,923,076 new shares, bringing the total SOI to 226,923,076 with around $7 million COH.
If after the CR W2V trades to 10 cents? That's a $22 million MC, still too small, given the prospects of more revenue & product lines in the works. The market hasn't even factored in the valuable IP W2V has in her hands, so I believe we're undervalued.
Like Amos says to fuel more growth, W2V needs more cash & a 79% profit margin means sooner or later, those fundamentals will kick in & start driving our MC higher.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Investor Presentation, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Let's wait for the details in the CR ann so we can dissect it accordingly.
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