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Re: iwitness4jc post# 354

Wednesday, 03/31/2021 5:27:58 PM

Wednesday, March 31, 2021 5:27:58 PM

Post# of 517
Another important point - they are already reporting net profitability. And that is WITH all the extra expenses of being fully reporting, audited, compliant, etc. All those investments in legal, public side of things, and audits are going to pay off by making it much easier for them to acquire private cybersecurity companies, which they have said they will be doing throughout 2021-2022. At this stage those fees are large relative to revenue and do weigh down profitability - but they will be much less significant as they scale, AND they will help to permit that scale.

All in all I'm very happy with this report. I wouldn't be surprised to see this sitting well over 5$ by the end of 2022. As it stands today, a fully audited, profitable, and growing cybersec company shouldn't trade anywhere under 5x revenues, which would be 1.24$ here. So as far as I am concerned this thing has a fair value of 1.24$ per share as of TODAY.

Disclaimer: All of my posts represent only my personal opinion and should never be taken as facts or advice by anyone, for any reason.