Ann: Becoming a substantial holder, page-10

Love it! Sounds like it is written by a 12 year old!

Here are some quick facts:

Mkt Cap of $94m
Annualised cash receipts multiple of 155x
Absolutely zero R&D invested for the half (cash flow of capitalised)
$64k in the bank and a burn ex R&D grant of $125k a month (so technically out of money)
No serious investor was crazy enough to give them money on that ultra informative December roadshow.

Just as a comparison, some peers I follow (not necessarily like)have the following metrics:
SKF, Mkt Cap $48m, annualised cash receipts $12m
IKE, Mkt Cap $88m, annualised cash receipts $12m
UBN, Mkt Cap $40m, annualised cash receipts $9m

IOD, Mkt Cap $94m, annualised cash receipts $0.6m!!!!!!

Sell