Share
3,512 Posts.
lightbulb Created with Sketch. 14
clock Created with Sketch.
24/08/14
15:28
Share
Originally posted by writer
↑
Hi Sintrate,
I agree about it being a bargain, even with the SP at what appears to be a 50% premium to the CR. Also about the tight register once consolidated.
Consider this: Current market cap at 1.6 cents is an absurdly low $7 million. At 1 cent - 20 cents post-consolidation - it's even more ridiculous - $4.5 million. They have just raised $8.5 million from the investor roadshow. So currently trading at less than cash backing?
That's just using HC figures, to right of screen, and I don't know whether that takes into account the yet-to-be consolidated 77 million unlisted options, but still, I don't know of any companies trading at a discount to cash. That ignores IP...
So taking into account cash in the bank, current business at hand, ignoring how much is waiting in the wings to trigger once the listing happens, superior management, the appointment of Maureen Plavsic to the Board, strong IP, growth trajectory for cloud-based companies, high investor appetite for same - fledgling ITT in particular as evidenced by the success of the roadshow - plus a tight register and you have all the ingredients in place for a no-brainer.
Bearing in mind there is no retail offering at this stage, I'd be surprised if this relists at 20 cents. My guess is it will go out at a premium. Perhaps a retail offering at some later date at a (much) higher price once a few more decent contracts are in place and the market can better judge the potential. If it does come out below or around 20 cents, competition will be fierce and it won't last long at that price. I'll certainly be in for more.
IMO, OnePage has all the hallmarks of an emerging company that the big end of town like to play with and make a success.
Expand
Doing my dd on this interesting development, which seems to hold a lot of promise.
Also interesting is that the patents that apparently protect the relevant IP appear to be assigned to "The One Page Company" rather than the "1-Page Company" or "1-Page Inc" Could it be that these patents don't necessarily come with what appears to be a reverse take-over by 1-Page Inc? Assume that present ITT management are on top of this little detail.
http://patents.justia.com/inventor/patrick-g-riley