The upcoming 4th qtr report will be fascinating, and the...

The upcoming 4th qtr report will be fascinating, and the following is what I will carefully monitor:

1. Gross sales
2. Gross margin
3. Cash burn
4. Cash availability

If Q4 sales are equal to Q3 or increase and gross margin is maintained, then surely RAN is cheap, trading at about 1x sales.
Imagine a scenario where the ITO matters go away, and during 2025, sales increase to, say, US$3 million pa while maintaining a gross margin at the same level as Q3. Yes, that would be about a 50% increase in sales, but off a low base.
At sales of US$3 million, RAN would be EBITDA profitable and cash-generating.

There are a few 'ifs' and 'maybes', but I see the upside scenario.