Current levels are at $35m. Not uncommon for a company like this to trade at an earnings multiple of 30.
Only need to be making $1m pa to justify this. Ok, GCN have some work to do but it won't take much to bring this mob a profit. An initial $2m - $5m revenue from wifi would easily do the trick and growth on that would elevate the sp to a multiple of the current price.
That's not to even mention P1 which could catapult things into a different range altogether.
Not sure why people are so keen to ramp the stock down. Seriously guys, life's not that bad, cheer up.
Things will be choppy for next few months but this is a speculative stock - everyone is speculating.
GCN Price at posting:
3.5¢ Sentiment: None Disclosure: Held