Connexa Sports Technologies Inc (YYAI)

[tedpeele]

The presentation was really good, opened my eyes more to who they are and what they are trying to do.

I'm wondering about valuation. What PS makes sense at this stage? According to this site below a PS of about 6 is used for entertainment, about 6 again is used for healthcare products, but less than 1 for general retail.

So if we use say a PS of 4, and revenues for the year ending in April are around the $11m as stated, that would be a market cap of around $45m, or a price of around $1.50, so based on that model the price is already too high.

Maybe a PS of 4 is way off though...and if they can turn a profit then PE ratios will start to be used for a different calculation.

And with the float being small it may be that valuation calculations become less meaninful.

Would appreciate any thoughts by the board on this.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html