I bought into the IPO and got out years ago when I woke up to...

I bought into the IPO and got out years ago when I woke up to their empty promises. Bought a lot more near the bottom in 2019 and managed to get out with a small profit from memory.
More than 3.5 times shares on issue than after IPO.
Clearly historical financials are not always guides to the future.

This below from the chairmans letter in the IPO prospectus. Looked cheap then if growth continued at the rate below.

"On a pro forma basis, the entities comprising CommsChoice Group generated approximately $20,136,000
of revenue and $817,000 of NPATA in FY17, representing a compound annual growth rate in revenue
of 24.1% from FY15. Based on this strong historical pro forma performance, the Directors believe that
CommsChoice Group is well positioned to capitalise on the continued growth in the ICT market and to
achieve its pro forma forecast revenue of $27.83 million, EBIT of $3.42 million and NPATA of $3.38 million
in CY18."