I did allow for app fees in my expected NPAT calculations but...

I did allow for app fees in my expected NPAT calculations but considering the app fees compound over perhaps 3 years, you could argue the sp target could be higher as it doesn't factor in the future cash flow of the compounding app fees. It only allows for app fees on past sales. I think my target is good enough for now. I still think this selling is very similar to the selling we saw on the last convertible note drawdown. My guess is that we will see another very strong rally once the convertible note holders finish selling - if that is what is going on atm. It is just pure guess work on my part. Most disagreed with me last time but once the expected volume had gone through, the sp doubled in a month so IMO it's the most likely explanation for that big correction last year before the run to $5.