Thanks for bringing this opportunity to my attention Ormond. I had a cursory look , not bad $18m McAlpine stock with $8m cash in bank and a niche space in 4G private network space and some revenue to boot. Other than that, I can't readily determine what value of sales look like per deal and how much is recurring - may be like CIO type model. Chart pattern doesn't look so good but that didn't deter me in the past with tech minnows - however because of prior poor experiences, I generally steer clear of Israeli (quite a number of them in recent IPOs) and Chinese founder companies - eg SAS , too long a wait despite highly acclaimed potential.
Also, got to be more cautious with microcaps in the new trading environment - so am going into hibernation mode but continue to monitor stock progress and development especially in the micro cap space.
Hope you didn't get it during IPO , quite a number had not performed well after IPO but sure they get to a point of undervaluation and I would be seeking them.
Good luck and Hope it does well for you!
MOB Price at posting:
8.4¢ Sentiment: None Disclosure: Not Held