News is bittersweet, go live June 1st but more dilution in the future. Minimum 3B is what its looking like all said in done. This gives it limited upside valuation wise
.01 = 30M Mkt Cap
.05 = 150 Mkt Cap
.10 = 300 Mkt Cap
Revs say are $10M, pretty lofty, profit margins 20%
10M x 20% = 2M/3B = .00067 x 50PE = .03
5M x 10% = 500k/2.5B = .0002 x 70PE =.014
you get the idea. This has the potential to run, cause to be honest its the OTC must of this valuation crap means nothing here, I know look at FITX .06 and over 3B I know its just how things go. I am more of a mid/long term guy at heart and try to find potential growth companies that are past the development stage. It is like making it to the NFL going from development company to revenue generating successful business. I did find this as a trade and made out well on the initial run. I've come back again as I am interested in the potential of bitcoin and the companies that are trying to get in on the ground floor. I am just not sure of a company based on a volatile digital currency that is raising the O/S and A/S at a increasing rate due to the inability to get traditional financing. Until they can show some sort of earning potential and ability to generate cash flows it will be difficult to get non-dilutive financing.
What am I not seeing, why will this run, just on pure mo-mo?
AI
