Best comp to L1MO is SUMO. Similar style company with 2025 options and a similar market cap.
Options for SUMO traded lower today but were 4.5c, which should provide a useful comp. I’d expect our options to be around that level after the quick sellers exit. So start around 3c but move to 4-5c within a month. Obviously any positive news and they multibag immediately.
L1M Price at posting:
18.5¢ Sentiment: None Disclosure: Held
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