Prediction: Back at 5c+ by the end of CY2020

Simply making a prediction here...

Holders and non holders alike can judge me at the sooner of a) once this prediction is fulfilled or b) at the end of the year, if the prediction does not materialise.

-5c is a market cap of $21M AUD
-5c is a 4x ARR multiple on $5.3m ARR

Reaching 5c would represent upside of ~100% from today's levels. That is a substancial amount of money to be made.

I should note that 5c simply represents a threshold level of value that I think we will return to in the short term. The stock will still be undervalued at this point in my opinion based on traditional SaaS valuation methods.

Most will agree that the potential for this company is substancially higher in the medium term and beyond. Our cornerstone investors seek $100m+ as a medium term target (24c), with $500m as a long term target.

The market (online bookings) is at 10-20% penetration currently. Thus there is 5-10x upside on the market itself as the industry shifts from telephone to online over the next decade.

T.E.P.