If you read the prospectus, cash injection into the company over the years by the founder was already $80 mil AUD. Work out to be around 15 cents per share.
Someone fret and sold out at 5 cents.. hahaha
This stock should be worth at least 15 cents per share. Might be worth more, lets just wait and see if there is any more default and/or how much money is coming back from subrogation.
I spoke to Winton Willesee, annual report will be release soon… not sure how soon, but it is coming.
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