Saturday, January 05, 2019 8:02:41 AM
I have a limited amount of posts on here, but thank you for pointing that out. I looked at their news and they did their two share offerings in September so it could include it, but I am not certain since I didn't do extra digging on it yesterday. I did check on my TD Ameritrade account this morning and noticed that they have the share count at 15.2million, which I attached below. All 3 sources are showing different outstanding share counts, but I believe the more accurate number is somewhere close to TD's and OTCmarkets number since they are relatively close to one another. They are trading at roughly 4x annual revs if one were to average out their quarterly sales, but given that they have only released one quarter of revenues that is probably why they are only trading at that multiple since their isn't enough data to go off of. The share price most likely reflects the risk involved since investors there are unsure of the growth or decline on the following quarters revs. I will be watching this one more closely now. Thank you guys for the discussion on it
Trust charts because charts do not lie
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