I'm another one baffled with the current SP. All there is to do...

I'm another one baffled with the current SP. All there is to do is top up, back your own conviction and leave some funds available should it become even more compelling value.

What I find comforting is the big turnaround in cash collection in 2H2016 (incl factoring receipts), where cash receipts eclipsed revenue.
1H2016    2H2016
Cash Received $14.9m $15.7m
Revenue    $17.6m $14.5m

Payments    $(15.6m) ($14.5)m

Net Receipts    $(0.7)m $1.2m

I also like the way the company has expensed all the performance rights in FY2016. I could be wrong, but it seems that this company is determined to be highly profitable soon, focusing not only on revenue gains, but also margin expansion. I certainly hope this is the case.

It's early days, but if we see more of the same in future periods, with well less than 100m shares on issue, EPS of 2 cents is a very reasonable expectation this time next year. Should that be the case, our conviction today will be handsomely rewarded.