Don't feel bad, PHUN. I saw it coming. I said I wanted you at $2.00 for July 4th. Well, here it is July 5th and I paid 2.70. I think you are a good value now. But you can't tell the market what to pay. You are used to well-behaved, logical and prudent accredited investors. Welcome to my world! This is obviously your first forway dealing with my business partner.
I think you have to look outside your window there in San Antonio. There is a restaurant called Luby's that used to be based there. They are a good comparison to your valuation because they your same number of shares. You have 20% more in share count. And Luby's has 10 times more sales than you. Move your decimal point over one space, and that's a lot of ground you need to make up to catch up. While they may be falling, they have a LOOOOONNNNGGGGG way to drop to reach your depths, and they have stemmed the bleeding considerably.
Yet, they are $1.11 and you are two times that. So let's recap: They have 10 times your sales, almost the same number of shares, and half your price?
No, you need to fall. But I like a foot in the door. I want to catch this "falling knife" because that's what I do. I'm quite good at it too. My next catch is going to be at $1.50 IFF that offers comes my way. My business partner, as you'll come to learn, is bipolar amongst other things. He loves you at $300 and hates you at $3. Well, that's why I love him so! And he's not going to appreciate you. I, however, appreciate you.
You and I are going to be more and more in alignment as the price drops. Not sure if this short sellers, but there is definitely part capitulation going on. Like, I have 9,000 shares in Luby's and 1,000 in you. And the shareholders at Luby's? Whew!!!! They can't handle a long, slow drawn out drop from $5.00 to $1.00 which took years. You experienced $300 to $200 in two months! If Luby's shareholders were here? Forget it! They can't even handle the sight of blood.
Value comes with pain and blood in the streets! You have some interestings things going on, but you need to ramp up that top line. I believe in you guys! You are one of the few in the crypto scene that are legitimate and actually have a "coin" with huge sales in thee space! You have good margins. It's like you say. You'll have to execute. But I like it now that ALL OF YOU, are in pain. David Seimer, your seed capital. Fineqia over there, Tim Draper, that fund what's it's name that refused to carry you on the books at market prices, and righfully so. But they have to do some serious market-to-market right downs now, and they were playing it conservative and honest. So, this is a good place to be for me. I want Mr. Market working his @$# off for me. Before, he was confortable, happy, not motivated, and had nothing to lose. NOOO SIR! That's not my kind of investment. My money needs to WORK.
