1. They file reliable financial statements on time. 2. Totally transparent 3. Proven management 4. Balance sheet full of cash and no debt ($10m) 5. CEO/founder holding a substantial stake in the business. 6. Hot sector 7. Institutional stakeholders: Argonaut, Packer & Macquarie.
All boxes ticked and that is rare.
Regarding escrowed shares:
There is 17,351,500 escrowed for 12 months and 22,674,000 escrowed for 24 months for a total amount of 77,526,000 plus 5,500,000 performance shares plus 2,250,000 options on issue.
The diluted market cap would need to include these - although, IMO, the current number of shares on market are vital in terms of today's SP dynamics. The current registry is much tighter than it appears.
Good luck.
SO4 Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held