Smart money generally comes 3-6 months prior to revenue actually being confirmed/announced.
That shouldn't be too far away now that the company has multiple revenue generating means are now officially in play;
- basic/traditional listing revenue
- car sync GPS tracking - US$300 per vehicle and US$200 ongoing. It is my understanding that GPS units required in Equador when vehicles are financed and heavily recommended in Mexico by banks when vehicles are financed
- insurance referral income
- motor credit car finance referral income (from experience I would estimate they would be receiving around 5-10% of car finance amount) this to me is the diamond in the rough and where the upside surprises could come from.
Can't see it staying @ AUD$30-35M market cap for too long
LAA Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held