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YankeeAce

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YankeeAce

Re: None

Thursday, 09/14/2017 9:40:58 AM

Thursday, September 14, 2017 9:40:58 AM

Post# of 54438
Are you asking if the company was worth $32.5M in late 2015? I can't really say because I was not around then, but clearly some investors thought so since it traded in that range. In mid 2016 it was valued at $10.5M. IMO that is closer to what one would value a company with $50M revenue targets at. Did we reach $50M by 2017? No. Hence the drop. In Jan 2017 the wheels fell off with the 8K saying that the previous filings should not be relied upon. Now a lot has changed since then. The debt structure has been improved but the OS have increased. Valuation is up to each investor but IMO we should be closer to $10M than $2M.
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