July revenue was stated at in excess of 6 mill and as you noted, momentum for FY 15 is positive. At a book value of 0.61 and cash on books, if they are able to add to that bottom line further, this will be a lot higher next year.
I would like to see that cash flow higher, but considering the phase that they are in , I guess it is to be expected. Nonetheless , the 18 million cash gives somewhat a buffer against any further dilution for growth. I'm happy to hold.
RXP Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
