$1 would be a record high market cap (by my guestimate of...

$1 would be a record high market cap (by my guestimate of dilution in the past year).

So it's not recovery to $1, but pushing to a new record high market cap. Previous record SP was $2-2.30, but in the past 2 raisings, there has been dilution of about 15%, then 162% multiplied on top of that. About 200% total.

So I think around $0.76 would tie us with our previous record high market cap, though there has been $60m or so of incremental cash added to the business from the 2 raises which helps, but also growth had to be curtailed, and confidence damaged.


Old SP doesn't mean much after so much dilution. But market cap still means something, as confidence recovers.

So if we reach $0.76 (or $0.83 after cash additions) would put us approximately back to the prior record market cap, meaning we're back to a strong valuation.