PSID now at a market cap of $36K for a company that generates sales of approx. $6 mill annually. In 20 years of trading both large and small cap stocks, this is the most ridiculous valuation I have ever seen. At a price to sales multiple of 4.5 for the space they should enjoy a market cap of $27 million.
This is a complete failure of management to protect and enhance shareholder wealth. And there solution, another reverse stock split, which at this stage is nothing more than a bigger target for short sellers and a further erosion of shareholder wealth towards nothingness. I am now contemplating filing a complaint with the SEC in the strongest possible terms I can yield up. After all this time, i.e. two years since FireflyDX prototype, and yet no application to has been submitted to the FDA for approval. What was the purpose of all those tests then? I am tired of con men and hucksters in this space. I will not lose money without a fight!
