Well what's it worth right now? 8.8M MC with 440MM shares...

Well what's it worth right now?

8.8M MC with 440MM shares quoted.
Looks like the market is pricing the cash of $4.5M at 0.9 c
Which gives the Enterprise a Value of 1.1 c, at a share price of 2c

1.1c for an expanding enterprise, currently cash flow positive and getting set to generate profits.

Perhaps going to have revenue of $35 - 40M pa.

FY 2015 they achieved the first goal... "if the Company achieved AUD$12,000,000 in actual gross revenue with a minimum gross profit of 10% within a period of 2 years from Completion"

Next goal is ... Cirrus achieving AUD$2,000,000 in EBIT during any rolling period of 12 months within a period of 3 financial years from 2/7/2015 (“Milestone 2”)

So if they do manage this for example then they achieve earnings of 0.45 of a cent per share.

If we use a PE of 20 then the share price could be 9 c

Risks are still real, but I like the way these guys operate. Selling their own business (L7) for millions (what was it $17M?) then buying it back for half a million. Epic.

Oh and the CEO Matt Sullivan has 33 Million shares

If i've made an error here I'm happy to be corrected. Chin up it's only money.