Company is looking fairly attractive. Analysis assumes that 1USD = 1.3AUD
*2.5M cash (with placement funds) + more funds coming from the SPP coming up.
*Debt free company (Excluding trade payables. See page 52 of the Annual Report this year)
*10.6M market cap fully diluted at 4.8c (not including the SPP subscription amount)
*Revenue sitting at almost triple current market cap (Assuming 6M USD per quarter. This calculation evidently doesn't include AT&T Mexico
+ TransferTo revenue which should be reflected on the next quarterly report at January's end. 6M*4*1.3=31.2)
*Last year revenue at almost 52M which is almost 4x current market cap. (40M*1.3)
*New board seems capable and has recognised the costs and is attempting to cut costs to break-even or become cash positive.
*Opportunities for more contracts (AirPocket) to use generate revenue and hopefully it comes with better margins to create a profitable company.
*Bitcoin has gone up quite high recently
*New contracts have been executed (i.e AT&T Mexico + TransferTo) which should bring more revenue.
-So far seems good. Will conduct further analysis and may buy in the next few days
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