End of March, reported TTM earnings will still be what they are now. Hopefully, they will pre-announce. The more help for the FN listing, the better for prospects in every way.
By mid-May, the announced TTM should be $.80.
The key to the price will be the Swedish reception vs. new share issuance.
If the company can either find debt alternatives, or take its foot off the dilution accelerator to give the new listing a chance (even encourage), then a p/e of 2.5 seems much more doable.
If they have to issue 10M new shares to fund marginal capital development of $20M, the dilution and overhang would be quite tolerable, imo.
