Thursday, June 07, 2018 1:46:37 PM
Consider BITCF, another crypto company, had a gonzo run about 12mos ago. At its peak its market cap was about $700M. If BYSD had a market cap of about $700M---and even with 4.5B shares out---the sare price would be about 17¢ BYSD. This is without any r/split. A similar calculation is had by examining BLKCF, which is another crypto related stock.
Keep in mind that when BITCF had its gonzo rally, it was running on news and future expectation than actual income & etc.
So, this interim target for BYSD is not its final destination were the company begin to generate income & etc.
The point being: jit appears the market will countenance a $700M market cap for a spirited run based solely upon p.r. news and in context of upward movement and mojo in the cryptos themselves (i.e., BTC, LTC, ETH, etc. in a bull run simultaneously)
DYODD --- do your own due dilligence!
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