Peak pessimism - complete overreaction, page-159

Why not? Its as realistic as the pipeline converting into genuine sales, as realistic as this company turning ebitda positive this year, as realistic as this company achieving a 300m market cap in the next 1-2 years. They have just raised 5m to keep themselves alive and have been voted against doing any new placement. UK their prime market is in some sort of turmoil with unstable government. No new contracts have been announced in ANZ for the last 12+ months. There is a constant sell off to keep the price hovering around 7ish cents. One or two contracts should push this stock further north but what after that? Where is the growth expected from? ALC is running out of steam imo but still a low risk holding for me.