Saturday, October 12, 2019 2:53:33 PM
CLTY current price is $0.15. Market cap is $1.16M. Slingshot revenues are $12.4M. Slingshot is well-established and, apparently, growing.
Let's say the odds of this thing being brought back in the next 6 months are 1:10. *Purely hypothetical. Determine your own odds. I'm new to this game and learning as I am going (and having a blast at the same time).
Let's say a fair/conservative price per sales (P/S) for this company is 5X. That would imply a market cap of $62M or $8.02 per share.
Using our hypothetical odds of 1:10, the fair price (given current market unknowns) would be $0.80 per share ($8.02 X 10%). Everything below that is a bargain.
I would buy more but, again, am new to this game and feeling my way around.
Maybe it is time for any board lurkers to get that CLTY starter pack?
$CLTY for life! (or dollars)
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