SideChannel Inc (SDCH)

[22rover]

I understand your frustration. It's warranted.

Also keep in mind less than $10k traded hands today. Stocks during this phase move wildly in both directions. I'm not sure if SDCH has a PR dept. . . or maybe it's just reserved :)

Looking ahead, I except a top line revenue increase of 30-40% (if inline with current performance). Yearly revs of roughly $8-10M creates tremendous opportunity. A nascent cybersecurity stock trading 1:1 with revs, combined with a 30-40% growth rate is unheard of. More commonly a 5-10x multiple (at least) is the norm.

Let's do the numbers:
5x revs: .25 cent share price
10x revs: .50 cent s/p (~$75M market cap)

This assumes there's no dilution. Since they have a few $million in the bank I don't foresee any reason to dilute. M&A might happen but I would expect those moves to be accretive.

As for CEO Mr. Haugli’s ethics, the BSA motto includes “being an honorable citizen of strong character.” A friend shared he was an Eagle Scout (btw that's no easy task). I know two Eagle Scouts. One is an exec with a F500 and the other is an incredibly skilled craftsman (and a real gent to boot).

I don't know the CEO but he strikes me as honest and forthright. And for our sake, let's hope I'm right!



NOT INVESTMENT ADVICE. DO YOUR OWN DD.