Ouch... really regretting getting in earlier (sory just realised...

Ouch... really regretting getting in earlier (sory just realised my disclosure has been set to 'not held' all this time). Should have waited for the pull back.

Happy with the $13 mill cash being a 2 cent share backing (632m shares on issue). The extra 2 cents to take us up to 4c would be attributable to earnings and future potential , assume 0.5cent EPS going forward due to reduced order book sand the fact that there's no forward guidance on revenue/contracts - my email to the company still has gone unanswered, maybe investor relations isn't there thing - which would be 4 x earnings.

Then again most benchmark the total share price by earnings and disregard the cash backing... so this would be 8 x earnings. Maybe appropriately priced given the lack of a forward path at this moment? If they manage to maintain $0.01/share earnings-per-share then buying in this 2.7-3c range would be great. Pity i jumped the gun.

Although some here still seem to think 4-5c is still 'cheap' on a conservative basis?? What do most here believe reasonable pricing to be? I saw 6-7c being floated previously?