Wialan Technologies Inc (WLAN)

[retiredanalyst]

Operating losses were larger in the 1st Quarter than last Quarter, and company assets dropped as well. Looks like WLAN won't even do 200K in revs for a full year since the reverse merger. Just to put that in context, given WLAN's current bloated valuation if over 30 million dollars, divide 200K of revs by its market cap, WLAN is currently trading at over 150X it's revenues. When valuations get this stretched, you know it has a long way to drop to reach anything close to a reasonable valuation.