Might open at 25c as offer was oversubscribed, $3.5m raised , say $3.2m of that available , their cost base is around $2m and revenue for 2014 was over 600K - not sure what sponsorship means in their income statement or how much it represents of their revenue . Not sure who their competitors are. Will watch how it goes.
Ann: Statement of Comprehensive Income 2014, page-3
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