I'm not sure how you can decide in "fair value" as we don't know who may have pumped in millions of dollars to PSF's bottom line so that a $7m cap raising was scrapped. Would this mean potentially $14m+in revenue?
We also don't know the Expedia, Twitter, Clash of Clans download forecasts. Our call on fair value could be anything based on unknown forward earnings. It could be 4c a share or 40c a share.
The only thing we do know is that there was a major shift in the company's prospects as announced on Tuesday. We want details!
SYT Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held