Other issue upon further analysis of the Financial Report is that the MC is still way overpriced at $17.65m. With revenue of only $0.2m/annum and a loss of $6.8m for the year, unless someone is planning to take over the tech, there is no way Institutional investors would get on board. A share price of about 0.4 cents is my valuation for this stock.
Perhaps that is why people would accumulate it, to take over the tech. I just can't see any other reason to buy anywhere near this price.
Ann: Annual Report to shareholders, page-75
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