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Indeed. And by adding 484m new shares at 4.8c per share, the...

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130 Posts.

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10/12/21

16:59

Post #: 58220897
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Originally posted by steve10: ↑

The 484,102,289 new shares have added $23,236,909 to the MC = +22.6% without SP moving.

Now $126.05M MC. I think SP will bottom at 4.7c & break out of the descending wedge within 7 days.

Heaps of growth stocks are currently at bargain prices. Only a matter of months now until there is a rotation back.

$126.05M - $11.4M current cash = $114.65M / $22.09M October run rate = x5.2 multiple.

Most likely November revenue will be up 10% MOM = $24.3M November run rate = x4.7 multiple.

Allow +5% MOM revenue growth for December = $25.5M December run rate = x4.5 multiple.

The chart is still forming a round bottom with a 34c SP target around mid August 2022.

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Indeed. And by adding 484m new shares at 4.8c per share, the share price wouldn't be expected to move, would it?

DW8 Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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