Revenue growth is fantastic and will continue IMO, as they explore other revenue opportunities.
With respect to the 336 million extra shares coming on stream:
Ordinary shares will be issued in the September quarter period, taking the total number of shares
on issue for the Company to 1,004,832,159. Currently there are 668,165,492 on issue. It should be noted that that original executive and board founders of the business have retained 100% of their issued shares post expiry of the escrow period in March 2017.
Let's hope they continue to hold. It's a fairly hefty dilution, but if revenues keep growing EPS should hold up OK.
Happy to hold as the story plays out. Early days.
Cheers,
ISX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
