if EVS gets their 12mil revenue plus another 5mil per annum from this deal = 17mil ARR.
current cash is 8mil + 4mil placement + 7 mil for conversion of the 12, 15, and 18c options = 19mil (assuming share price is 19c or above) [clearly that extra 7mil cash won’t be banked until 2021.]
at that stage shares on issue would be 466mil x 20cps = market cap of 93mil, and a market cap to arr of 5 assuming no growth between june 2020 and dec 21.
At 100mil market cap then the investment community will start becoming more aware of evs.
Bull case is they do increase between june 2020 and dec 21 and get up to arr of 30mil x 10x sales = 300mil market cap - share price of 60cps
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