True Timbel - at around a $25M valuation presently, future...

True Timbel - at around a $25M valuation presently, future growth doesn't appear to be factored in at all. Once they show an even higher growth % with NETS now active, as well as the UOBM deal getting kick-started, the promised payment also from NETS for the set-up, that valuation will get back to where it should be.
The current CR - well, details tomorrow will be interesting. Hopefully not much dilution. I'm guessing they'll go for around $2.5M based on the fact that their CR last Feb came with options that could be exercised within 18mths but at a price of 7.9c. Obviously no point exercising those options when those entitled will now be able to participate in a new CR at less than 4c.
Total guessing there but hopefully I'm close enough to the mark and they don't need any more than that.

I'll post more of Alex' email reply in a few min.