Freeze Tag Inc (FRZT)

[SooS416]

Um sure, any company can acheive a high PPS when they perform a massive reverse split or go through a pump and dump which is what happened.

Currently at $1 the market cap would be over $70M why would this company be valued at $70M? That would be a revenue multiple of 28x for a company by all accounts is losing revenue year over year and decreasing profitability and not one that is in high growth mode.

So why should a company that has significant losses and by all accounts has decreasing revenue and increasing losses be valued that high when there will be more debt taken on to fund operations?