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I don't think it will take too long for MNQ to get to the stage...

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longwalker

638 Posts.

39

27/04/16

12:02

Post #: 17608051
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Originally posted by L Burrows ↑

Resapp currently $110 million market cap. No doubt in my mind MNQ will hit at least $50 million MC in the near future given their second strategy to cater for mums and dads.

Taking into account all escrowed MNQ shares (including consideration shares) and assuming a raising price of 2c for the compulsory $3 million raising in June, the total diluted shares on the MNQ register equates to around 850 million.

Therefore, we are looking at share price of 5.8c for a $50 million market cap.

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I don't think it will take too long for MNQ to get to the stage RAP is currently at , for instance it's only been 6 months since RAP floated , so to me MNQ to attain a $100M mrkt cap is probably only 6 months away , given RAP and CSIRO fast tracking and FDA approval being easier for follow up companies if RAP gets it

That's 10c in the back end of the year in a solid sounding tech business

MNQ Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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