Ann: CVCheck announces Capital Raising-CV1.AX, page-13

Crossy - you aren't valuing the options that are part of the capital raising. If you add that value it will always trade sub the 22c price.

As mentioned previously, its about the long term with these businesses and yes, they are speculative. The company results IMO have been impressive to date and show a move towards becoming profitable. The fact the products/services they offer is in a sector with growing demand is a huge positive. As i've mentioned, people won't be waiting by a mail box in 2 - 3 years, unless it's for a package they have bought online! We want results yesterday, not in 2 days or 2 weeks!

With this additional capital they will have the capacity to expand internationally and it also is one less thing that the market worries about (lack of cash). Sure the price it's done at is not great for existing holders, but taking the capital for growth is not a bad thing. Fast forward a year or 2 when they are generating a profit, then this 'price' will be very 'cheap'.

A business growing 20% QoQ that is profitable would trade on a forward P/E likely 20+ which is how Canaccord are getting their valuation. No doubt that once the business shows more signs that they will be profitable, the share price will begin to reflect this valuation.

Hope this helps.