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RecklessInvestor

89 Posts.

20/05/16

16:40

Post #: 17826816
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Originally posted by rnclarke76 ↑

Its actually less than $20M

MNQ is currently trading at 1.9 which is at the equivalent of 19c post consolidation. This would approximately give ePat a market cap of ~$17M or EV of $14M - not all that demanding.

The above assumes the public offer is at 13c (1.3c, pre-consolidation) as per the company's suggestion of 23,076,923 being offered to the public to raise $3M so this is a very conservative valuation.

Despite this weeks price action it has been a very good week from a fundamental standpoint. We can debate whether or not the trial numbers were substantial enough. I would have rather had an announcement rather than no announcement, despite only 57 patients tested so far it is fair to say the app works successfully under a variety of pain events and scenarios. This is worth a lot more than $17M.

Cheers

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Which is really what it comes down to at the end of the day. there is no way you can value this at 17m when rap is at 200m. There is so much potential upside here.

MNQ Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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