Ann: Q4 FY23 Quarterly Activities Report and Appendix 4C, page-75

In my perspective, considering the current careful market conditions, if alc were to receive an acquisition proposal for their offering today, it might be valued at around 6-7 times their revenue or 10-12 times their EBITDA. Given their revenue of 40 million (lets say sticky revenue 25-30m), this valuation would position Alcidion's EV between 180 million and 210 million. Taking into account the outstanding shares, this would roughly translate to approximately 17-19 cents per share. Any new 10m+ contracts they add is a massive plus imo and places the company in a good position to exit gracefully. 20 cents is achievable imo as long as mgmt doesnt commit another stupidity like silverlink.