Hi David,
My interpretation of the 20/20 aspirations target is that the >50% refers only to the patch market, which I have wanted to bring up for discussion for some time.
Am I correct that the patch market is approximately $250m in the regions we currently pursue?
If that’s the case then $125m in sales will substantially change all our back of envelope projections for Adapt by 2020.
I also believe the current numbers are all in $US, from that point of view the >$20m in the bank in 2020 should then be AUD$25m.
Using the Edwards PE this would equate to a share price of approximately $2.90.
Btw. WP says the 50% is the stated target, internally it is much higher.
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Hi David, My interpretation of the 20/20 aspirations target is...
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