Ann: Quarterly Activities Report, page-6

Good volume buying the last two days...most likely 1 seller in Perennial value. If the buyers continue today it will show a solid foundation and belief in new management.

Great turn around by the company ( well done Rebecca ), and the next 2 years looks very exciting. $35m-50m AUD revenues in FY 22 with >35% margins, will see the company cash flow positive. Probably starts next quarterly. Then the question is. what the P/E to apply? As of today it is 4.88X. ( $19m Aud/$88m )

If that continues or increases on cashflow positivity and forward earnings and sentiment, market cap FV in 12 months is $1.75- $2.50.

Any dip now to high 60s-low 70s will be met with buying.