Ray Ray please raise my holdings to 1,102,016 Just having a...

Ray Ray please raise my holdings to 1,102,016

Just having a scratch around with some figures that may be of interest to others:

Google tells me that the number of smartphone users in the world will be about 2.32m by the end of this year.
If Syntonic can capture just 25% of them as customers they would have 580m customers.
If customer payments to SYT varied from $10 to zilch per year the average could be around $5 pa from each customer.
580m x $5 = $2.96B pa potential revenue for SYT
Expenses appear relatively low for SYT so lets allow tax and other outgoings of around 50% leaving $1.48B profit.
$1.48B x PE of say 20 gives a MC of $29.6B (around half of Telstra’s)
$29.6B divided by 2.5B (the number of shares) gives a Share Price towards $11.80

If the SP got to just half of that we would be looking at a 200 bagger from today’s close of 3c.