movement, page-7

"NTA - 6.9c per share
CB - 7.4c per share"

They're at break-even approximately - last half their op cashflow was about -$61k from operations, and +$386 after interest received.
Does a "material effect" on recurring income equal an increase of 25%? So lets say half of that is net operating cashflow - so $1.5m fcf. 7, 10 times that is $10.5m,$15m capitalised (say). . .
Plus cash of $17m =>
Market cap of $27.5 to $32m, equals 12 to 14 cents per share.

No need to raise capital, and creeping market acceptance of their product. The business has value.

DYOR - I'm just making this up, but hoepfully you can see my logic.