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Alias Born | 04/04/2017 |
Monday, September 12, 2022 4:56:09 PM
Back before any any financials were known, A certain investor was putting the value of this at anywhere between 20 and 50 million market cap. Since the OTC crashing and before, That same investor is now saying it's not worth 5 million or was that 10 million.... Can't make up the mind.
I have posted multiple times that Taking just the average OTC P/S ratio of 6.5ish , This should have a market cap of a 160 million. Now consider how many OTC pink stocks DONT have good revenue, net profit margin , positive book value, no toxic debt and only recently very minimal dilution( Which was offset by reduction in share)!!!
But I suppose a valuation of less than their book value is credible too (Which one's the emoji for snickering)
OH, Let's not forget there's been no less than 6 projections that this is definitely going under a penny over the last 3 months or so. Can someone here verify that .0188 is close to 2 than 1 cent, lol
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