Ann: Xref Client Growth Accelerates, page-11

I recently found that CommSec shows you the market capital in the "Company Research" tab.

CommSec indicates the market capital for xf1 is 21 million. I found that odd but then realised there might be restricted securities and that is therefore not taken into account when calculating the market capital.

There is an announcement titled Escrow Statement on the 05/02/2016 which indicates approximately 50 million ordinary shares in total are currently restricted (that's the way i read it).

Therefore that leaves the balance of 40 million shares in circulation. The market cap would then be 40 mil shares x $0.55 = $22mil which is what is shown in CommSec.

So I believe then the market cap for xf1 is currently approximately $21 million.