Friday, February 18, 2022 4:29:36 PM
The price per share does not matter, its more about relative valuation metrics. At current price its trading at a 24x P/E though that's on the back of only one good quarter, so people might pay more for growth if they start to prove themselves and you might get some investors that just want in to have the NFT/Cryto side + momentum penny traders.
I'll give you its interesting, I rarely invest in something this small, plus the entertainment industry can be tough and is not my forte - though hopefully they can start ramping up the recurring revenue sources via subscription/digital to help their case (investors typically find that more attractive rather than lumpy/volatile earnings), the last that was this small that I invested in was TPNL at 0.20 6-7 years ago.
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