agree 100% crs11. A roadshow is a must. Nobody knows about SRO in Australia
Interesting you brought up RFN pe2023. I had to have a look at them. At their peak RFN was valued at $200m without any revenue, just blue sky.
Now they are valued at $63m with about $1.6m annualised revenue. Last half yearly they made a loss of $2.5 million. I bet buckland would faint at such numbers.
Trading at 40x revenue. Only clients are in Australia. I reckon will be tough to crack the US market, always is.
Under the tier 2 revenue system SRO should be valued at $20 million if you want to compare apples to apples with RFN. Under tier 3 even higher. SRO is already in the USA and the ceiling is very high.
Remember, only tier 2 and above has the facebook link
When RFN was trading above $1.50 it obviously had many friends. SRO has no friends at the moment and needs to find some by doing a roadshow.
Saw some buying today. Almost fell off my chair when I saw the "line wipes" at 3.1 and 3.2 cents. At least someone was dipping their toes.
SRO Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
