Ann: Quarterly Activities and Cashflow Reports, page-22

for me, it should be at least net tangible assets, ie stripping out the intangibles, which is at least 100m as at june23.
then FV should be at least 8c, based on shares outstanding.

this is more than double todays share price. which is why I think DNA can rocket anytime once they show continuous improvements into their revenue and cash flows.
the tax bill has already been provided for/ reflected in the financials at june23 so the downside has already been factored in.
we just need cash flows to sustain the business and off it goes.