mkt cap 15m, revenue potential unlimited

If PIE's webphone doe provide the updated payphone solution telstra have been chasing for the last 10 years then licencing revenue alone for PIE's patented technology could top $50 million per annum if global telcos get involved as well. You would think that if PIE webphone is tested and adopted by Telstra that at least another dozen public phone providers around the world, and possibly some in the huge US market, will have a real close look at it.

If that were to happen (and PIE seem to be only one step away from a trial roll out with Telstra) then you could expect the market cap of PIE (on a PE ratio of around 15?) to go over $300 million. This would mean a share price in the 25-35c range.

Daytraders and longer term investors have two months to grapple with this potential scale of return for a 2c investment, and place their bets.