LD99 wholeheartedly agree with your point re the patience that...

LD99 wholeheartedly agree with your point re the patience that was required to read through all that!
My view on this stock is that it is undervalued, the main reason due to it simply being lack of liquidity. Volumes sold since the raise have averaged about $30K per day - thats all. Outside the founders, most shareholders understand it is too early to sell. Having said that the recent raise may result in some short term selling once they hit the market. Hopefully there is a small insto out there that will recognise the value and gobble up some shares at a good prices.

Why do I think it is undervalued - simply the EV post the recent capital raise represents a 4.3X forecast FY24 EBITDA and 3.4X forecast FY25 EBITDA. Show me another company at those multiples that operates in a resilient industry, has growth prospects and has demonstrated top line and profit growth over a number of years. Thats the sort of multiple you pay for a small mom and pop business. I also have full confidence in the new CEO to grow the business.
Good luck to all shareholders and stay patient!