1st Available (Cloud Technology and Healthcare), page-15

I agree with Dimaz regarding potential. However, I urge strong caution here.
Selling about 30m shares at 35 cents a piece for $10m.
Total shares on issue post IPO is 89 m with a market cap of $31 m.
Balance sheet will consist of little debt, about $9m in cash and the remaining balance goodwill.
Now here comes the killer.
Current sales about $1.4 m with losses of around $2 to $3m incurred on these sales.
Well, reminds me of Internet Mark one where companies were being sold on multiples of revenue. Forget profits.
In short, I am being asked to buy into a business with a market cap of $31m and sales of $1.4 m. No thanks.
Also , not sure about demand. My guy, who picks these small IPOs well out of Morgans, did not seem very keen on this one .
However, I come back to the point made by Dimaz. Reminds me of those initial floats of car sales etc.
This one not for the faint hearted !
Good luck !