Company is looking fairly attractive. Analysis assumes that 1USD...

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