Hi bobafett,
You are too logical - you cannot expect a stock price to follow that logic! There are lots of stocks which are priced at nowhere equal to the market cap nor the earnings they earn (or deserve to earn) ... As you know stocks appear to have a mind of their own! If stock markets were so logical, there would not be any Wall Street - and EVERYBODY would be millionaires.
I agree with you, not to expect a 80X return like VRMLQ as each stock is unique. But the expectation of this stock, is that of a solid winner based on good steps the company is taking - no hype, no misleading PRs - but letting the facts speak for themselves.
We are all in this stock because of the FUTURE value we see in this budding stock. What that future value is NOBODY knows, but we can only speculate or fantasize
Cheers.