Well it's $4.4mil MC, and I suggest contrare.Looking at...

Well it's $4.4mil MC, and I suggest contrare.

Looking at cashflows the receipts have grown YoY since 2020, up til end of June 2023.



Annualising the figures since the end of the annual reporting period based on the appendix 4C's;



Then factor in it's surveillance, what I view as an area as likely to grow (unfortunately).

Project this forward at a consistent / conservative rate, firstly it's not at all looking like going bust, secondly it's potentially great value at $4.4mil MC if the trajectory continues.

I don't even love it, only have a small hold, but your comments are pretty unbased IMO. Haven't fully got my head around the capital structure, the oppies will slow it down a bit above 3c, but I think there's value here.