Ann: FY23 Financial Performance and Business Update, page-2

Dunover, today’s ‘carrot’ type ann should be of some comfort for those recently topping up.

The present record low market cap of $4.02m seems ridiculously undervalued given to CEO’s muted optimism:
“…pathway to break even profitability in FY24.” And “…meaningful re-rate over the next 24 months.”

I still sense a possible MBO and moreso probable further dilution on us from their obsession with M&As.

The sp cannot fall on the ASX below 0.001c from its present 1.1c. Tax loss selling will end by 30 June. My sentiment today has changed from Sell to Hold. If there is an MBO under 8.0c the incumbents should suffer serious reputational damage.