Ann: Appendix 4C - Quarterly Report with commentary, page-52

An optimist is a person who views a glass half full instead of a glass half empty, I believe DM is an ultra optimist so you need to only believe half (maybe less) what he tells you or projects, even if he is not deliberate in intending to misrepresent (or stretch the truth). But the share price at the current juncture is premised on those forecast coming good (which it did not) otherwise you cannot substantiate a $109m valuation with annualised revenue progress of just above $2m. Compare that [for purposes of comparison only] against another company like NUH which has its own perceived integrity issues, which has a market cap of $70m but already secured 2 year NHS (UK) contract from its smart hearing bud estimated to value at 34m pounds per year, and you can see that there is a large price premium factored into BUD's current market cap that has not been delivered.