No really have you read through the report? I think one needs to go through the financials to see where they are coming from. There are certain red flags such as they don't envisage anymore CR's until 2020? I don't quite understand how they derived such a ridiculous number especially when they used peer comparisons with revenue/price etc. And on those metrics (say lets be generous and give it 2.5x) on FY18 numbers (yes thats 3 years away) it's valued on $20M mc. So I don't see personally a higher market cap than $20M for now. Obviously American way of valuing things is completely different so not sure u can apply anything they say here. Nonetheless its a good read. And don't think you are picking up a bargain cause I don't think you are on what's been presented in their report.
NWZ Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
