the capital raising last year was an absolute sham and raised on the guidance of $70m in sales. It’s honestly class action time. There’s no way this business is coming back - the only China project they have and that they’ve been talking about as their bright spot now won’t pay. We’re still in the downgrade cycle. Revenue of sub $3m per year with no growth is my guess - how much would you value a company like that?
5c per share is 20x overvalued. WOW JUST WOW
PET Price at posting:
24.5¢ Sentiment: Sell Disclosure: Held
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