Wednesday, July 21, 2021 7:19:19 AM
Simular set up here, the difference is existing revenue that provides for an actual valuation. Combined with Morrison's track record and intended product rollout using the new technology this could see a similar but more sustainable post-split move.
At the level this is at, post-split with the restricted shares from the converted preferred included, this would have a cap of 5-6 million. Even at 20 million in revenue, this is almost 4x less than a 1x price to sales in a sector that consistently runs from 10X to as much as 100X.
There is value here, IMO.
CNGT!!
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