on the move, page-16

Phillip Capital has valued XTD at $0.32 without any overseas contracts or any upside from Contact Light. Eureka have valued it at $0.36 allowing a 20% chance of an overseas deal. If anyone is worried about the price going lower, it would be a good idea to sell as anything could happen short term. Brokers would not put out research reports on XTD or any other company, unless there was something in it for them. In the case of XTD it is in the hope that they will be involved in the capital raising, if they are successful in expanding globally. As XTD are able to fund one country themselves without raising capital, I think it would be pretty safe to assume that the brokers are expecting them to be successful in more than one country. Sellers now could get lucky and the price could go lower, but if they announce a deal then XTD is worth much more.