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3.9¢ g medical innovations holdings limited

correct, it’s all about the “future potential”. And that’s what...

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Galilee13

955 Posts.

1843

06/03/21

12:45

Post #: 51570490
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Originally posted by HonyakuKonyaku: ↑

I don't think they will consolidate further Galilee. I still think they are going for that 3 to 400 million market cap range assuming a listing price of $5 (don't ask me how they can achieve that with the numbers, but that's what I believe). They've gone for what looks to be a more reputable and conservative broker this time and are looking to raise a smaller amount, so less risk for the underwriter and a more achievable amount to sell. They are asking investors to take a punt on future potential, not current revenue.

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correct, it’s all about the “future potential”. And that’s what equity investors buy.

im very happy with the broker, probably one of the only positives apart from the F1 being released.

IMO US investors don’t like companies with single digit share prices. They are look on as penny dreadfulls.

IMO they should be targeting an IPO price of $20. And as such a further consolidation of 3 to 4 times is needed (on top of the already 18 times).

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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