Wednesday, September 22, 2021 9:25:52 AM
BABYF current market cap is $185M (more or less 100M shares at $1.85)
Assuming the Bynd multiplier that would mean annual sales of $12$ or so ($1M/mth)
Use, 10 or 5 as a multiplier and you still need quite a small number of monthly revenues to justify current market cap.
With all the distribution/marketing developments made within the last year, sales must have grown enough to justify a better market cap than what we now see (JMO).
What is wrong with my picture?
Patiently,
Roger
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