While also a frustrated holder with no love for the management and their poor track record, they have now undeniably made two successive, strategically clever moves.
1) Acquire a high revenue, growing business in Brace 168.
2) Sell off a loss making, non-growing business in CP products.
The cost cutting in itself is beautiful and the funds from the sale is the icing on the cake.
I personally don't even begrudge the Brace team their performance bonuses. They have produced fantastic revenue in hard times- just compare this to the garbage that Steven Bliim and co were 'achieving' with Cipherpoint products.
I agree with the other poster that we only hope management doesn't get in the way of Brace doing their thing.
We are now at approximately $4 million cash and $8 million market cap.
How many companies with $4 million EV are already bringing in close to $3 million in revenue and aiming for $5 million this financial year?
Not much downside and plenty of upside at these levels.
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Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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10 | 7726856 | 0.8¢ |
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Price($) | Vol. | No. |
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0.9¢ | 2021924 | 5 |
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No. | Vol. | Price($) |
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10 | 7726856 | 0.008 |
10 | 3018548 | 0.007 |
6 | 4018942 | 0.006 |
3 | 1700000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 2021924 | 5 |
0.010 | 12240004 | 14 |
0.011 | 4800000 | 4 |
0.012 | 3657021 | 5 |
0.013 | 99423 | 2 |
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