The wireless broadband supply agreements that it has with telcos...

• The wireless broadband supply agreements that it has with telcos are effectively evergreen. They typically take 5 years to implement and by then the technology requires upgrading, so the process is repeated. Sustainable earning growths attracts a high valuation multiple
• Brokers analysts are now generally valuing Netcomm at around $4 (30% upside) on the announced contracts alone.
• On the other hand, we include a reasonable assumption for further contract wins and continue to see well over 60% upside to Netcomm’s share price

So why the $1.10 valuation by directors to be accepted. I’m writing to ASIC. I want heads to roll.