Il admit to being a little down that we haven't had more announcements of completed sales to date, however I have a cheeky feeling that this week we will have a little follow through as well as inching closer to some $ figures being reported.
Of course, the bonuses due to be paid on a big contract win and delivery are the game changer.... but remember they are cards that can only be played once. The future is bright here.
Annualised 7m sales at 12 times earnings gives Mcap of 84 Million (undiluted). = 35c.
Annualised 7m sales at 12 times earnings gives Mcap of 84 Million (diluted). = 14c.
The difference starts to kick in when...
Annualised 20m sales at 12 times earnings gives Mcap of 240 Million (undiluted). = $1
Annualised 20m sales at 12 times earnings gives Mcap of 240 Million (diluted). = 40c.
Mid term I see a max SP of 20-30 cents until big contracts come in and the bonus options/shares are taken care of.
Having said that, I think we're close.
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