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Saturday, June 24, 2017 4:59:18 AM
Find a company in the cafe business and/or table top game industry with similar earnings projections and see what their market cap is. Don't just go by pps as they may have a lower or higher OS.
Float can also play a role. How many shares in the OS are freely traded? How many are held by insiders? Then there is the AS. The AS can have an impact because these are new shares that can increase the float if issued to raise money, pay bills, or for compensation.
This is why you can't compare based on pps.
So, if snakes can bring us a big q4 between 3.5-4m, we could be looking at the share price projections I listed above sometime in the first or second Q.
There is another factor...hype. If for some reason this industry gets hyped, and investors flood in, the pps could run well past what I've posted, but not likely over $2 in the next year based on current share structure. Best thing is to manage expectations and not get overly greedy with your thinking. I would be very happy with .25 over the next 6 months, and hope for a bit more. I hope this helps.
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