$LTEA is having itself a day today.
Stock has always commanded a high P/S ratio. Strong hands.
Market cap is ~$50M right now, based on ~$5M TTM, or a P/S ratio of 10:1.
The math gets scarier when considered on a fully diluted basis, about 12.25:1.
(1) We are offering up to 231,850 shares of common to the public at a public offering price of $5.00 per share and up to 24,998 share of our common stock to our officers and directors at a public offering price of $5.60 per share, the closing bid price for our common stock on June 14, 2017.
(2) Based on 8,383,066 shares of common stock outstanding as of June 14, 2017. Excludes 2,158,681 shares of common stock subject to our currently outstanding options and warrants, with exercise prices ranging from $3.75 to $6.875 per share.
