As you know EMC IPO was for MABR. Nothing else. I cant recall ever seeing a small cap IPO a tech product with zero sales/revenue as EMC did and 7 years later have there IPO product reach near $100 mill (AUD) in FY 23 sales, yet in that time witness a share price destruction of this kind. This is not from dilution. EMC hit a 200 mill market cap with Zero sales. Now fallen under 100 mill cap with 100 mill in 2023 sales lol.
Something must give. If not a T/O soon at a large premium from an existing U.S WWT company, then im guessing some insto realisation of the value here at 15 cents. Once a broker/fund or 2 actually do some propper reaseach on whats happened here, we will see a turn around. Shame our IR has a limited knowledge.
Meanwhile, brokers are happy to loose money backing CR's on battery/lithium related massively overvalued dogs or crypto garbage destant for 0.
As you know EMC IPO was for MABR. Nothing else. I cant recall...
Add to My Watchlist
What is My Watchlist?
