This is a straight up value situation for me. This morning we had 275 million shares o/s and a 4 cent stock price...thats a market cap of 11 million dollars. I thought fair value was $20 million right now. Selling for 1.5 times sales. For me that made this an easy double from 4 cents.
Now we have 1.6 billion shares o/s 3.5 cent stock price market cap of $56 million dollars. I thought we were worth $20m, selling for $10m. Now we are selling for $56m worth $20m by my calculations, 1.5 times sales. That made this a sell. Nothing more, nothing less. Wish everyone success here. Love the business model. If it becomes priced back where I sell value I will buy in again.
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