Right on! With an established company, we can look at the PPS based on valuation.
As I said before, BDCI has a market cap of $2.3 million. EXAD has market cap of $1.3 million, assuming max A/S of 375 million. Plenty of room for EXAD to move up now that BDCI companies are merging into EXAD. Revenue is growing, profit is rising and EXAD's valuation should be much higher then BDCI market cap as income increases. Once we break .01, QB listing based on BDCIs notes in its last filing.
No rush here. Stair step up. Hate seeing 100% days and only crash. Strength can be seen when we move up, consolidate and move up again. EXAD appears to be in the process of stepping up.
Oh....and management buying up 5% of OS on open market is EXCITING. So far 2.1 million bought or 0.0056%, assuming 375 O/S. At 5%, management will be looking to buy up an additional 16 million shares to get to 18.7 million shares (5% of OS based on 375 million) I like to be conservative.
EXAD$
