Yep, pretty impressive buying volume today. Glad I averaged down...

Yep, pretty impressive buying volume today. Glad I averaged down recently. Kept looking back at the financials and finding it difficult to justify a sell at a $6-$8m market cap.

I mean, in FY 2016, with iFly GC only opened for barely half a year, their wind tunnel revenues were $8m. That's almost $2m higher than the current annualised wind tunnel revenue. If they return to 2016 levels of revenue at some piont in the future (which I don't think is a particularly aggressive assumption) ,and assuming most of the revenue increase falls to the bottom line due to the largely fixed costs of running wind tunnels, that should be an extra $2m of profit on top of what they're making currently.

With the kind of cash profits that I'm expecting their wind tunnels generate, even if Freak VR doesn't work out, IDZ's valuation should be underpinned by their wind tunnel business. Freak is almost like a free growth option.

Happy to hold on for the recovery, and possible Freak growth.