I just bought in today after this announcment and having a look at the various presentations and reports from the company. It looks very interesting and given they have $11m cash, no debt, recurring revenue from an existing product, massive potential growth from a new product (that is disruptive technology - which is what I like) and a global (take over the world) attitude. All for a mkt cap of $23m.
I recognise they are cashflow negative but the director calibre points to strong financial control and commercial nous.
I haven't looked to far into the history so appreciate any insights from those that have been following for awhile as to what potential they see in this.
It certainly ticks a few boxes for a high risk (but considered), high reward investment
Cheers
Maddoc
I just bought in today after this announcment and having a look...
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Last
$3.14 |
Change
0.150(5.02%) |
Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.18 | $3.12 | $647.2K | 205.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 669 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 24461 | 5 |
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| Last trade - 11.50am 03/10/2024 (20 minute delay) ? |
| AVH (ASX) Chart |