Well June quarterly report last year they announced they have 50,000 chips in inventory and can produce 5,000 chips per month. So maybe they just capped it there to keep it real for now, or they'd need to upgrade their chip production capacity. 10 bag upside is enough to excite most investors.
The valuation also didn't factor in the potential for royalties revenue, or other verticals.
I think sales announcements will have a fair bearing on the share price, I dare say the initial sales were a period of learning and improving, and if all goes to plan we'll see sales gradually accelerate, new markets etc. Looking forward to TGA and Australian sales, would be cool to purchase the product I am invested in.
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