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05/02/21
09:29
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Originally posted by thebigbadbear:
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Also worth noting that management said they expected to do $350k USD in sales for December. But based on the updated release it seems they have probably done close to $500k USD in sales for December. Let's assume no growth that's close to $8m AUD revenue on an annualised basis.. Add in about $1m of advertising revenue and you have a business that is on a revenue run rate at current performance of about $9m AUD a year annualised. Then look at the market cap of MYD with $15m of revenue in FY20 and a market cap of $320m+. DMC is a steal at $12m market cap with $3m cash
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Lots of conviction Bear. There's plenty of money and bragging rights for owners to support these products. Good luck. PS DMC? Dumbest name ever