Ann: June 2020 Quarter Update, page-11

EBIT of $0.5m, circa $2m per annum, put a 10x earnings on it and you get $20m market cap....seems about right. There's no clear path to me anyways of any major growth... it's a consultancy business at heart, so the ability to scale quickly and widely just isnt exciting.

I'll get smashed for this, people will point out Cyber Security is rocketing etc, but in the end this is a slow slow growth company and barely warrants ASX listing UNLESS they plan to start acquiring and getting some savings from those in back office costs etc.

Just my 2 cents.... uninspiring which is why share price dropping.