Was pleased to pick up more shares circa 4c this week - IMO this...

Was pleased to pick up more shares circa 4c this week - IMO this is one of the biggest free kicks on the ASX at the moment.

We have a company that produced over $3.5m in positive operating cashflow over the last 12 months, trading at a $1.6m discount to its bank balance of $10.3m.

You can then add in the debt free balance sheet, only 218m shares with top 20 holding 64%, $8m USD in off balance sheet tax credits/losses and the major corporate shareholders continuing to increase their holdings (one of which had previously tried to buy the company at 9c/share).

I see very little downside from here (not even currently trading at a shell valuation), and plenty of upside from either corporate transactions or the continued growth in the operating business.