Ann: AIS Exercises Options and Increases Stake in iCandy, page-10

ICI is one of the most undervalued stock at the moment in ASX, not because it is not doing well in terms of revenue growth or cash positive from last 2 quarters but because of lack of communication. From last quarterly report, the management should have put a presentation and provide what next few quarter and beyond looks like.

We don't want any advertisement in the from of presentation, neither ASX likes it. The management should come out with what is happening with the business and at least guidance, otherwise there is no reason that it SP dropped from $0.076 to current level with cracking last two quarters and of course the revenue growth news of 1600%.

With Australian dollar improving against US dollar, I predict our revenue for current quarter will be around $10M (with annual revenue about $36-38M) and handsome cash reserve but sadly it market capital is still under $85. It is lacking momentum and management should put catalyst