Good morning,
With the conclusion of the 2nd quarter fast approaching I just wonder if the market has already factored in cash receipts being
in the order of the previous quarter, I for one aren't expecting much, if anything, to be completely honest, what about you ?
MegaChips paid their 4 Million USD Licensing Fee in full already (happy to be corrected) I'm expecting to see expenses around the
same figure, less some one-off expenses that we incurred in the prior quarter.
Despite the share price being down around 82% from our January 2022 high, it can be rather misleading in real terms in my opinion,
57% would be much more realistic, meaning $1 would or could be considered to be fair value on a 6 monthly horizon given all that we
are now aware of, any thoughts?
Despite all the criticism surrounding company performance, we now have a solid foundation, it's clear that the past has been corrected
in terms of fluff announcements, name dropping, and a mates mentality of, think of a number and double it "chief 3 hats" will approve
of it....may be a little harsh, but a lot of money was burnt, but I now move on.
Have a good weekend....Tech