Good to see some traction today.
As I was reading through some related material, I came across an article on the P2P lending company SocietyOne and a 1:1 loan book to market cap ratio was touted for its ASX listing in 2018. Basically a $200M loan book justified a $200M mCap, or that's how I read it. You can see the article here
So if WZR expect to have a $40M loan book at the end of the year, then a mCap of $40M would seem a nice target. That's four times the current price and it gets those 8 cent options well and truly in the money.
Good to see some traction today. As I was reading through some...
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