MIK 0.00% 1.5¢ mikoh corporation limited

new report wow all systems are go at last

  1. 206 Posts.
    just had a quick look at the 55 page report. at last we have a in depth and honest report.
    a few key points i noticed were
    1. the current U.S dcf valuation for the 20% that Mikoh are about to inherit from Kolokorn is worth U.S $20million to Mikoh. Our current market cap is only worth $11 mill.
    2. expected revenues over 10 years on the Thia deal alone are US $819 MILLION. Mikoh 20%
    3.expected Net profit over the 10 year contract U.S. $130 million. Mikoh 20%
    4. Company will be trying to raise $5 million in the states at 7.5c a share. I am guessing the U.S. guys are happy to pay over 150% above the current share price to grab a significant stake. I am hoping that the 7.5c share price is a truer reflection of our current value.
    5.Share price is at all time low due to previous managament and board disputes and is not a reflection of now or the future.
    6. report ends by stating that this is a exceptional investment opportunity.
    I hope they are right.
    This is the most comprehnsive, seemingly honest report that they have ever produced.
    It adds weight to the recent 2 independant reports that value Mikoh at anywhere between 6.5c - 15c.
    Even if only half right it seems that the market has forced the share price to a value that makes a joke of the report and the other valuations. These valuations are only based on the one Thia deal.
    Good to hear that the certain ID - biometric internet application is still being worked on by Peter Atherton.
    Well done Mr Sealy. Hopefully everyone will approve the new Kolokorn deal and it seems the capitulation in the share price should finally end.
 
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