Everyone is free to make their own mind. The way I see it, things just do not add up, lets look at some facts:
1. $76980 is the most up to date revenue figure released (page 45 of bidders statement) which is for HY 31 Dec 2015.
2. According to this announcement during that period approximately 96 placements were made.
3. Therefore the average revenue per placement is around $800.
4. To break even they need $500K per month, or $1.5 million per quarter, which given the most up to date average revenue per placement is about 1875 placements in a quarter.
5. If the placements continue to grow at 21% quarter on quarter, they will achieve the 1875 placements per quarter in 4 years time.
6. The above assumes that they continue to receive government R&D grants...
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