re: clearly undervalued... on an EV valuation alone.... the MD...

re: clearly undervalued...
on an EV valuation alone.... the MD even stated as such!! The MD didn't have to state it - I know and I'm sure plenty others know as well.

I guess that is why it is so tight....the shareholders know how undervalued this company really is and are not willing to sell at this price!! The company is moving pretty fast to achieve their stated objectives from the IPO prospectus, and I guess until that has been achieved, then there is no need for existing shareholders to sell in my view. Further as well, Cortona is on the path to achieving those goals, but they have not got there yet. That is clear difference. However, they should soon in the next 3-6 months.

I guess the market will re-rate the company and the valuation metrics accordingly once those important milestones have been ticked off. With further vital infomation to come out of the company in the next couple of months, this upcoming period is vital for Cortona to deliver on their claims and to keep shareholders and investors alike happy.

See if PVDB, CJ and GL can deliver on their vision and on their stated intentions. So far, so good!!

Cheers Freakme