This institutional manipulation talk is bunk, page-89

Don’t get me wrong, good on you for getting out at 63c, anyone would prefer to get in now but I don’t think anyone can predict these price changes. I’ve sold some at +$1 in the past and happy to have my average at 47c now.

But to say it’s going to take a long time to make money, at the brink of turning cash flow positive?

Ajx is currently 40c per share, imagine we make 3m in earnings in the next 12 months ($0.01 per share)... Thats only $250,000 a month, which is less than the positive cash rate for June. So, WITHOUT TAKING INTO ACCOUNT ANY EXTRA GROWTH that’s a PE of 40.

Now, revenue grew +700% in FY16, +500% in fy17. Anyone who has done any research knows that this is still a growing company, with margins getting close to 40% I don’t see much downside at these prices. But I guess it’s people who think it’s going to take a long time for this company to make money who are selling it at 40c, so I guess I should be thankful.