First of all, if this were to fall to .06 it would essentially be trading at their 2018 revs. The fact that you think its going down there is laughable. Second if you read the note and the statements, the company will most likely settle in their favor. Lastly the estimates on revenue were if they were flat $24 million for the year means they would have remained flat for Q4. I believe we could see an increase due to the fact that they added 400 more retail clients in Q4. However using the $24million as guidance for valuation. This means they are only trading at 2.7x those rev numbers. Industry standard is 10x since this is a growing industry. Last weeks volume was big for the bulls. Bulls came out swinging and said this company is not worth being down there as it ran on no news and instead ran on a ridiculously low valuation.
This is worth .25 at an absolute minimum. Carry on now
Side note- The company projected to do 22 million for 2018. If Q4 was flat they would beat that by 2 million. If they increased at all then they beat their forecast by even more. Mind you 24 million in sales for 2018 is a 60% increase from 2017's sale numbers when it traded in the .05-.08 range for a whole 6 months. If it was worth that back then, it is DEFINITELY worth more now
Trust charts because charts do not lie
