Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-36

4.5m revenue is on the high side given LS deal was completed in mid Feb.

say 4.5m less 0.5m from the original ICI, that left 4m from LS and storms. Inflate that for a full quarter give us 4m/0.6 (roughly) we get 6.6m. Annualized that we get 26.4m. Kin did mention that LS revenue gone up since the deal was sealed (not finalised).

the original ICI generates, says, 2m. 4m for storms, no change. At least one nft project with guarantee 4m every year. Other bits and bobs are left out for now. We look at the known numbers for now. That gives us 26.4 + 2 + 4 + 4=36.4

use a multiple of 8 we get 291m. So share price should, according to textbook, be roughly 20cents ish.

I think I had too much alcohol