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Wednesday, July 22, 2015 8:48:44 AM
At the current stock price (~$0.0032), the Enterprise Value based on 357 million shares O/S comes to about $2.4 million - generous even when factoring in an optimistic $1 million in sales by year end. At the insane price of $0.25 to $0.30, and assuming the O/S stays flat, the Enterprise Value would jump to $90-$108 million - clearly the stock cannot be valued anywhere near that range.
Further to the point, the most recent flurry of activity which saw a churn of several hundred million shares over a period of just a couple weeks, could not even budge the stock price to sustain over $0.01/share - what makes one think that the company could generate enough activity to push it beyond that range? - the activity would need to be 25-30 times this most recent impressive volume to begin to attain that kind of valuation.
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