The next bit will be more interesting.
The company has announced its China strategy. Now shareholders need to ratify the deal with key backers (Zhang, Bao & Malone). If they achieve the $15m revenue target (by Dec 2021) the MC could easily hit $200m+. History suggests the backers have good form in achieving targets and they will have a very lucrative incentive to push CT1 hard. So I expect to see strong deal flow to keep shareholders engaged.
A new Beijing office has been established, projects are being quoted and revenue is building. All good signs. We know the EGM announcement is expected soon. Once EGM resolutions pass to ratify the Strategic Partnerships, I think the Board will want to demonstrate early results. I wouldn’t be surprised if a material contract announcement came soon after the EGM.
If the company gets the business development in China and a deal flow right, perhaps a SP approaching 10 cents by year end???
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