POTENTIAL RE-RATE CATALYST EVENT: RESULTS, page-112

I agree with you on this, I possibly didn't emphasise it strongly enough but I was being very conservative and setting what I expect would be a possible bottom level result. Also I do now notice I should have put $3 million for ROW FY sales (1.5 was for HY) so the final number would be $14 million USD for FY24 or about $21 million AUD. That said I thought the company was already undervalued in terms of something like a price to sales ratio. At a rather conservative value of 4 this would have the SP (using the $21 million figure) over 36c. The point of what I put down was to show even with numbers that could well be beaten Eye still looks cheap. Do note though I also think there needs to be a little patience with how quickly the sales could jump up as a result of the new sales staff who only started in April.

Come the next update I would not be shocked at all if you were right PigRace. I would however be very surprised if we stay below 30c a share. We'll see soon!