DW8 Growth, page-9570

Revenue multiples during the last time SP was in lows are as follows:

October2020 4C = $400k x 4 = $1.6M run rate & $7.27M cash on 27/10/2020

SP low on 2/11/2020

SOI = 1,487,194,813 on 16/10/2020 x 4.1c = $60.97M - $7.27M = $53.7M / $1.6M = x33.5

SP low on 10/12/2020

SOI = 1,539,855,620 on 30/11/2020 x 4.1c = $63.13M - $7.27M cash = $55.86M / $1.6M = x34.9

SP lowon 29/12/2020

SOI = 1,562,382,013 on 24/12/2020 x 4.1c = $64.06M MC - $7.27M cash = $56.79M / $1.6M = x35.5

January 2021 4C = $712k x 4 = $2.85M run rate & $6.9M cash on 19/1/2021

SP low on 10/2/2021

SOI = 1,627,086,974 on 5/2/2021 x 4.1c = $66.7M - $6.9M = $65.8M / $2.85M = x23.1

The revenue multiple bottomed at about x23 during the lows & then SP turned & revenue multiple got as high as x131.2.

Current MC = $101.56M - $8.5M cash = $93.06M / $4.1M = x22.7 & SP is about to turn as RSI has bottomed due to it being oversold. The revenue multiple is very similar to the previous bottom at around x23.

The unknown is how high will the revenue multiple get during the next SP run?