I like the work that lachy has done since inheriting this fiasco...

I like the work that lachy has done since inheriting this fiasco but still see no reason why it shouldn't be dropping 60-75% on re-list (I doubt it will go that low, more because of shareholders not willing to accept the loss than because of value). I have been a previous holder, this ones on record for one of my largest losses to date, and I still very much like the product and business proposition so will be keeping an eye on it in hopes of movements in the right direction.

Rough calc for valuation is market cap of ~50-60mil on the basis of NTA at face value (~$33mil) and a $20-30mil EV which is 7-10x EV/Sales based on the H1 forecast. So 7-8c/share.

If it does go that low I will be buying in, more due to emotion/belief than math but my guess is it will fall to 14-18c/share and then drift lower over the course of 6-12months.

Hope I'm wrong and I certainly expect to be a holder again one day, just believe my money is better invested elsewhere at this stage.

Please don't bash me for supposed down ramping.