K2F 11.8% 19.0¢ k2fly limited

Ann: Change in substantial holding, page-17

  1. 392 Posts.
    lightbulb Created with Sketch. 59
    That being said, you would have to think the bottom is in above $0.11. ~$8m market cap for a company that has reached $2.69m revenue in 3 quarters seems criminal.

    Obviously need to take into account expenditures and cash burn, but K2F seem pretty close to closing that operating cash flow loss and turning positive. My personal prediction is by Q32020 (ie 1 year from now) given their current growth and sales rate - although if infoscope takes off it could be a lot sooner!

    Agreed not to expect a sudden miracle jump, but you would have to say upside at these levels heavily outweigh downside, considering there were sophisticated cap raises at above $0.20, suggesting serious money being invested long term with a view to see prices much higher than that!

    GLTAH - DYOR but strong buy from me here (unless any negative news comes out, but firmly believe bottom is in!)
 
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17.5¢ 19.5¢ 17.5¢ $99.38K 538.3K

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19.0¢ 86000 3
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