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Previous high was .49 (see additional

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rbirdy   Friday, 09/25/20 11:58:12 AM
Re: None
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Previous high was .49 (see additional details below)

The reason why it dropped so much is anyones speculation since there hasn't been any negative news. In fact, revenue continues to grow at substantial rates (44% Y/Y growth). A fair market value should be roughly .50+ today.

However, if you apply similar valuation multiples of other tech companies (roughly 100x revenues), then the stock would be roughly $5. Math is simple, take revenue ($15m x 100 = $1.5b market cap). Then take $1.5b market cap and divide by current market cap of roughly $30m and you get a 50x potential growth. So take today's share price of .10 multiple it by 50 and you get $5.

If you want to take a much further conversation approach, do the same with a 30x multiple and you'd still get a share price of $1.5

This right here is why I continue to accumulate shares as I approach 1m total. I am so confident in this stock and company and I'm putting my money behind my word. I'm in the industry and know how much these companies should be trading at..

Happy investing!

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