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that’s nice to hear. I haven’t spoken to them

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StealthInvest

1,937 Posts.

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23/03/22

10:29

Post #: 60361129
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Originally posted by Klogg: ↑

I agree, there is a risk of dilution. Let's play that out:
If they were to raise $3m at 65c, that's an additional 5.4m shares. Leaving a total of 38.2m shares.
Using my $70m valuation, that leaves a share price of $1.83. That still leaves incredible upside, with a moderate risk they'll need additional capital.

Having spoken to management recently (and you probably have, too), they're quite confident they can meet growth requirements of the business without raising. Given insider ownership and the quality of the board, I tend to side with them.With that said, there is reasonable chance of raising - it's not my base case though.

(There's also the other scenario where they raise and subsequently blow their capital - but I don't see this as >15% chance)

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that’s nice to hear. I haven’t spoken to them

IME Price at posting: 75.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 45.0¢		Change 0.000(0.00%)		Mkt cap ! $20.49M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	654	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	10444	2

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No.	Vol.	Price($)
1	654	0.405
2	11250	0.400
1	1000	0.390
1	7897	0.375
0	0	0.000

Price($)	Vol.	No.
0.470	10444	2
0.500	5000	1
0.535	1084	1
0.540	1074	1
0.550	18000	1

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