BCC updated valuation. +$1 by FY23 end, page-267

Hopefully we get some positive updates tomorrow but the drop today and continued staying there may suggest not to expect much from the AGM - this stock seems to be somewhat ahead of news. CR has dented confidence a little as people are now questioning how much money they are really making and if the continued expensive R & D is worth the return.

Guess I just wonder why we need to CR when the JV from 01/07/2021 should be invoicing around 40,000 subscribers making us $20 million a year in high margin income - RP would get majority of this as their 70% gross margin amount but lets say that is $10 million there should be $3 million left in the JV to fund the territory expansions? Not sure how it all works such as we want to expand Asia do we need to fund this our self for our territories?