The downramping here is a joke… I posted many months back when...

The downramping here is a joke… I posted many months back when this was getting pumped at twice the current share price that the debt was a concern. Now they do two capital raises to be in a position to pay it all off and nobody is interested! All the sellers the past few weeks are placement flippers moving on (they aren’t long term investors). Everblu principals invested like half a million here as per placement Ann…. these guys only invest for bags, not pips. When the supply is exhausted this will move back up very strongly.

Buy low, sell high. This ticks all the boxes for me. Zero hype here, somewhere between $2-5 million net cash position, the underlying business is fundamentally very strong… if JAT is such a dog losing so much money then why has it paid $2.278 million in tax the past year?! If you take out the interest cost and income tax payments the underlying business generated a few million in positive cash flows. It’s actually simply remarkable how well they have managed the sector headwinds the past year. If/when revenue rebounds in coming months/years this will get taken over at a massive premium to the current valuation IMO.

DYOR