ICI 0.00% 2.0¢ icandy interactive limited

i also think that a CR is highly unlikely because we still have...

  1. 1,914 Posts.
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    i also think that a CR is highly unlikely because we still have $21.6m in the bank after the $17.8m cash & all of the shares have now been issued for the LSS acquisition; we're operationally cashflow positive (two consecutive quarters) from basically WFH alone, plus a bonus $4m should be paid next quarter from Misfits/Froyo;

    unfortunately these facts don't appear to be priced into our MC which is only $85.9m (calculated from the total shares issued of 1,289,577,912 minus the yet to be cancelled SBB-related shares of 26,750,670 x 6.8¢)

    $85.9m MC looks cheap for a company with growing, positive operating cashflow & confirmation of increasing revenues that annualised is $36m;

    hopefully yesterday's 9.33% drop is temporary; i think the market has acted irrationally. time will tell
 
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