If you want a formula to justify the price now and the price in each quarter going forward then I can't give it to you.
You win that point!
However I see huge potential for the use of the technology that is owned by NUIS and a longevity of the markets in which
its technology is applicable on a global scale.
I don't personally bother with IPO's but in the past 12 months I dipped my toe into the water with AFL - in at 18.5 cents and now around 50 cents
and this one. The logic behind both of them is compelling and as long as the management is good then the growth will come.
If I'm wrong about $100 then I guess I'd still be happy with $50.
Day two makes it a bit difficult to provide the rigour that you are requesting.
That's not to say that you are wrong in asking for it.
Maybe others can provide
But I'm happy to put $100k + into this and back my judgment
Regards
Ann: ASX Notice Admission and Commencement to Official Quotation, page-64
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