Mike I dont think at this time the company would list on the US market. The addittional costs of a dual listing would not be warranted at this time.
As you suggest the company would be worth a lot more if it was listed in the US. But the same will be true next year or the year after
Taking a line through nestor the US division alone would have to be worth a consevative US$100M. Nestor being the only pure traffic comapny listed on the US market.
Nestor has a market cap of $US30M and is a long way behind the RDF US division and getting further behind.
Nestor installs are approaching 80, RDF approaching 200, nestor is still making losses, RDF is not, Nestor june 03 half revenue was US$790K, RDF would currently have monthly revenues close to this. RDF will have all financing issues resolved by the end of the year, Nestor will still have no money to finance any contracts they win. I am not aware of nestor beating RDF for any contract where both were bidders in the last 12 months
There is really no comparison between nestor and RDF yet on current market cap, nestor is $US30M and RDF is $US46M
RDF Price at posting:
0.0¢ Sentiment: None Disclosure: Held
