I know this is not particulary accurate and there are all types of extra costs etc but if Wangle believe they can break even at around 35k subscribers and are selling it for $6 a month (as per the Feb presentation) then we are looking at basic running costs of approx 2.5 million per annum. Let's say they get 50k subscribers (even though they project 400k in 2018) you are still looking at a profit of 1.1million on those break even costs. If we run this into a basic earnings per share formula with approx 800 million shares outstanding you are looking at earnings of about 1.4 cents per share.
If we calculate a share price on the stock with a conservative 15 pe ratio on this eps the share price at that rate is 21 cents - close to 8 times the current market value.
All we need to know is whether it works and if there is interest in the app. If that's true then these delays shouldn't matter
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