Not sure if I am understanding your question correctly, however from the latest appendix 3b statement issued to the market, there are currently 85,656,000 fully paid ordinary shares on issue, of which 41,699,909 are held in escrow (meaning unable to be traded) till 6 February 2020. At todays closing price of 62 cents, that is a capitalisation of $53,087,500. This seems very high to me for a company that has not made an operating profit yet and from published statements sounds like it will not for FY2018, small profit recorded in FY2016 & FY2017 when it was still private, but only because of receiving R&D grant funds recorded as revenue. I understand that there is a level of expected sales growth factored in the share price but at the current price, based on my analysis, it will take years to reach current expectation. Might just keep watching for now, unless I am missing something?
RCL Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held
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