Ann: Peppermint raises $5 million, page-29

Hi Ricky,
that’s a tough one to predict.

If they can achieve anything close to the stated targets below, we should be showing a lot of growth 2 years from now.
?
We need to keep in mind that there will be approximately 572m options between now and the end of 2024. So fully diluted there would be approximately 2.5 billion shares. To hit a share price of 20 cents in 2024, the market cap would be $500m & that’s without any further dilution.
The big question is can they progress the company fast enough to justify a MC of $500m? I would like to think they can because the directors are wanting us to vote on performance shares at the AGM this month.
The second tranche of performance shares for the Kains is 5m shares each if PIL reaches break even point before June 30 2024.
The third tranche of 5m performance shares each for the Kain’s is if the company reaches $1m net income/profit before June 30 2025.

If two years from now the company are well on track to achieving the figures above, then I would say north of 20 cents per share but how much higher would depend a lot on sentiment at the time. As we all know, sentiment can drive a company to many multiple’s of it true value as we all saw at the beginning of 2021 with a lot of Fintech stocks.

The company releasing some numbers indicating quick/huge uptake in BizmoPay loans combined with a nice big spike up in revenue over the next couple of quarters could also propel us to 20 cents next year.

I’ll be ultra conservative and lock in 20 cents