"Been way way over sold Imo, unsustainable. In 6 months time will we be looking back at this as the inflection point for UNT. Especially now that the 1st part of the placement is one and dusted."
Brewstex,
I coudn't agree more. Waaaay oversold. Our share of AudioStack alone is conservatively valued at $4m and within around another month, we'll have another $4m in cash on top of what's already in the bank yet somehow (and we've got a good idea how) we have a market cap of only another $4m on top of all that! Insanity how so many can be fooled and panic but hopefully this bulls**t and manipulation will be dealt with soon enough.
Please ASIC, do your job.
Talk of takeovers has been bandied around with figures of 2 cents per share. I almost fell off my chair laughing. Putting aside the Blake's holdings, there are many with large holdings who have a brain in their heads and will not entertain anything such as that even for many, many multiples of today's prices. Our former Chairman has said on many occassions that at T/O will only be a possibility over the $1B mark at minimum and don't forget that to my knowledge he still has a very large holding. Does anyone really think he'll sell out for 2cents a share? Only last week during the investor briefing, Idan said he is building a billion dollar company and you'd be a fool to dismiss that. Again, 2 cents per share? I'll hold out for 2 dollars a share. When you consider the early valuations of AI companies around the world, it is not a fantasy but it will definitely help once we can eventually remove ourselves from the insipid ASX.
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