Verus International Inc (VRUS)

[ireadthefins]

Recent growth in revenue and deals aside, can anyone explain why they believe the current share price accurately reflects the value of the company? At the current share price, that puts the value of the company, as dictated by the current market, at $72 MM. the most recent Q reflected revenue of ~$3 MM, annually ~$12 MM. That said, filings still reflect a net operating loss, meaning the company hasn’t been able to operate efficiently enough to generate profits at the bottom line. So, why do investors think the company is worth $72 MM or 6x annual revenue? Other than the fact that the chart is in an “uptrend”? Even with ice cream sales etc, revenue will (IMO) never come close to $72 MM at any point in the future. I just don’t quite understand the strategy of the company, there is no clear path being explained to sustainable growth and operating efficiency.