Fortitude Group, Inc. (FRTD)

[PaperProphet]

$120 is cheap for a hat. I know the true cost of those hats for many investors here was significantly more than that.

For an investment, any investment is only worth as much as the discounted cash flows back to the investor. For stocks, that's in the form of dividends, discounted by time for their expected rate of return.

At $0.12, investors value Internal Hydro at $13M. They feel the stock will statistically return something in excess of that in dividends--the risk is high but the CEO also painted the potential returns as being in the stratosphere. For my opinion, a company where the CEO already spent millions and millions over the past few years and so far only has a prototype in a warehouse with no specific applications in sight is grossly overpriced at $13,000, let alone $13,000,000.

Are you familiar with "proof of concept?"