Market Cap4 May 2018 17:30
Without looking at all the details - I think the current market cap is based on last years profits only, the market is ignoring any future potential.
ICM Registry had sales in 2017 of $7,270,000, they made profit of $3,500,000. MMX had sales in the same period of $14,300,000 and profit of $3,800,000. There is a distinct difference in the profit margins of the two companies.
The future will be based on profitability as well as growth as the business model has already been proven.
Once the deal is complete, I expect profits to jump considerably not only through cost savings but from an increase in revenues through the geographic make-up of the whole entity.
I believe total profits for the group in 2018 could easily top $10m and this will only be the beginning.