Current market cap is 38 m and EV of 26m if we assume Votiro on...

Current market cap is 38 m and EV of 26m
if we assume Votiro on an EV basis is worth 30 m USD when they hit break even within 6-7 months . That would carry a value of 30m AUD on current ownership. Add the 12 m in AuD cash , the 12 m owed by Votiro to Sen , the value of encryption business ( 30 m-45m AUD) and EON realty value of Upto 20 m AUD, and one can see doubling of SP is a since and tripling likely . Of course the leverage is Votiro as my valuation numbers are very very conservative IMO particularly to a LT strategic buyer and thus the could from these levels be a true multi bagger at the 3x to 5x level over 2 years