Ted from USA here. Wow, Australia really is into hype and not...

Ted from USA here. Wow, Australia really is into hype and not substance with penny stocks, it appears. Does no one care about how great the latest report is?

It looks like the restructuring is a GREAT success so far:

Revenues up 28% to almost 5.1 million
Actual profits!: over 600k

Big increase in the UK from 240k to 1.6 million, but didn't say what it was for

Balance sheet looks pretty good: 1.5 million cash, 2.0 million liabilities

I calc they have about 300 million shares, which at 5 cents is a market cap of 15 million. A PE of 10 would be earnings of 1.5 million for the year at 5 cents. Given their actual growth and growth potential (homerun product potential) I'd say they should have a PE more like 30, which they'll have if they have zero addition net income this year. Looks like their price is pretty good given this report.