This last 1Q that has you thinking overvalued is 45,500% over 1Q 2018
2018 1Q $1,327
2019 1Q $608,000
$1,327 plus 45,500% = $605,112
If the Year follows suit
2018 10-K was $411,000
2019 10-K plus 45,500% = $187,005,000
It won’t make that but should be $14M and projections are $7.5M Expense
$6.5M Roughly Profit
$6.5M x’s 15 Multiple would be today Market Cap today
Stocks Multiples look into the Future and MJ should do better Multiplier than 15 x’s
This time next Year we’ll be pushing $50M for 2020 10-K Projections and Expense will grow but not near as much % of Revs
But let’s say $20M Expense and that just a guess but leaves $30M x’s 15 is $450,000,000 Market Cap
(again probably a larger multiplier)
But $450,000,000 / 314,814,800 = $1.43
Just a thought where Longs feel $FRLF headed
OTC plays to me is all about Future and does have a past element that always needs looked @
JMO
