I guess you are also unaware that the Foster's report, which we are exceeding sales values for, was based only on selling the IQbuds into the wireless earbud market. It estimated 1.9% of that market to give us a share value at years end of about 16c (with dilution).
1.9% allows for quite a lot of competitors selling too doesnt it.
Oh, and by the way, it didn't include ANY sales into the prospective hearing aid market - so I guess we allow for a few competitors there too.
You would be very uniformed to have assumed that IQBuds would be without competition.
But if you do the calculations, as Fosters did, it only takes tiny share of a massive market to earn a LOT OF $.
And we have shown that we will probably get more than 1.9% of that massive market PLUS a share of a the hearing market too.
This tiny $65m company is going to be making bucketloads by selling its most highly acclaimed buds that IT ALREADY HAS DEVELOPED to just a proportion of the huge international market!!
Com on guys, get real. The day to day SP reflects FA. ANd that is NOT Fundamental Analysis.
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