Well the way I look at any opening price will be reflective of the US market. Any info on this front will dictate the open.
They had forecasted $11M from US for 2HFY18. As this is monthly I would assume they ae accepting customers.
General Advertising Revenue going by information released in ASX Response of say $5M for 2HFY18
So Disregarding Aussie Revenue completely ie FC Model by June Qtr 18, I would estimate Annualised Revenues of $40M p.a from US and General advertising alone
3 x annualised revenue would be $120M market Cap. Circa 55 cents per share at 220M shares fully diluted
Put a value on Auusie ops of say 20M or another 10 -15 cents I would hope best case scenario a bottom of around 75 cents.
A raise of say 20M shares @ $1 wouldn't be dilutive because they would extinguish the FCC facility.
My two bobs worth lol
Cheers
Stakeholder Update 27 March 2018, page-56
Currently unlisted. Proposed listing date: 09 APRIL 2025 11:00 AM AEST ##
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