Monday, October 18, 2021 11:59:10 AM
When 2021 comes in at $1 million (my estimate), it will be trading about 70 times sales.
CAPC has no P/E ratio; it was last profitable in 2017, making losses since then.
Can you come up with some comparable companies trading at 25 to 70 times sales?
If there has been manipulation, it's clearly to the upside, not down.
Again, the short position is the April PIPE sellers locking in their profits before they can get their legends removed (available since Oct. 5th). My opinion, but it makes reasonable sense.
A lot more reasonable than a retail investor putting up $2.50 in margin to sell a $1.40 stock.
Edit: Average Price/Sales for Russell 2000 stocks is 1.04 times.
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