Ann: Dr Ron Weinberger appointed Executive Chairman, page-17

$75m market cap is the exercise price for the Brunswick Heads HMDathon. If we hit $75m then we have at least 5 hospitals on board and things looking up. There is no way at all that HMD could be worth more than $50m unless we are in range of break even on revenue/costs. Therefore 475m can only be reached if things have aligned and traction (or purchase as per spin bowling) has been gained. Should HMD hit $75m in market cap then $200m will happen faster than the first $50m.

The stock market is forward facing so 5 hospitals with 5,000 births a piece gives us enough revenue to pay our own way. 5 Hospitals PLUS another 5 in the pipeline would give enough positivity to push from $50m to $75m. Should those 10 all start firing away and another 5-10 popped up then it would be safe to consider the medical market had embraced the use of HeraCARE and forward multiples would start to multiply... I would be of the thinking that should $75m be our market cap with enough in the pipeline then should those events fall true we would start a far more rapid ascension in value and sometime in 2026/7 we would be well north of $200m market cap.

Keep that market cap in mind mate... if we hit it then you get yourself on a plane to Brisbane, make your way down to the port and ill pick you up in the Beneteau and we'll catch some Mahi Mahi on the way to the Bruns and then you can wear whatever t-shirt you want. At $200m market cap its Krug in Kayaks so be careful what you wish for...

all that positivity aside... I think we are in for a really shitty raise and a crappy next few months as the market overlooks us for good reason. HMD needs a minimum of 5 hospitals to get any credibility and certainly 5 on board with another 5-10 close in the pipeline of pilots to get any price movement in a northerly fashion.