Ann: Resignation of Chief Financial Officer, page-17

Mukesh has a point stop attacking a different point of view.
Sudden CFO resignations aren't good.
Although that doesn't mean there's anything necessarily wrong here.

I posted all the figures earlier because I was getting sick of reading incorrect figures.

@13c PEH has a fully diluted market cap of $21.3m.
Considering the weighted exercise price is less than the current price it's important to include them.

Net profit was $1.4m so closer to $1m than $2m.
They only had a positive net profit due to $1.6m of govt grants.
Which haven't even been received yet. Due to not being registered with AUSindustry and the claim not being lodged so there is a risk they don't get it. While I doubt it, the CFO leaving could possibly be related to this. I think this is pretty bullish accounting considering they hadn't even lodged the claim. Also bad form that they hadn't lodged it.

I also don't get all the hype about how scoring an international contract will lead to 30c+...
They already have a "international contract" in NZ....
Yes an international contract with a prestigious firm would provide further validation of their technology - but at the end of the day all that matters is how much profit they receive from it.

Value is from the future cash flows a company will receive, discounted to the present.
Not anything else. Currently I would say they are fairish value.

Finally the recent capital raising at 9c is a testament to this. If the company was "extremely undervalued" they would have had no trouble with a higher placement to a fund or sophisticated investors.

Not advice.