iris You are right that I am tired of the lying by some pumpers. I have been in the stock market for 50 years. Around 1980 I managed to increase an investment of about 25,000 dollars to some 2.2 million dollars in between 3 and 4 years in a European country. My investment in a computer company appreciated about 2,000% in less than 2 years. It was growing at a rate of 50-60% and trading at a p/e ratio of about 3. Investors in my country were conservative and most interested in the dividend yield. It was of course very easy to see that this stock had a good chance of exploding. Not many days ago I invested about 30,000 dollars in SMCI at a pps of about 450 dollars. The pps ended yesterday at a little below 700 dollars.
SPZI is extremely cheap if it already has secured revenue of almost a billion dollars. I am ridiculed because I at an early stage guessed that the net profit margin could be 1-2%. With revenue of 1 billion dollars and a net profit margin of 2% net earnings would be 20 million dollars. If we assume a modest p/e ratio of 10 the result is a market cap of 200 million dollars, which means a stock price of a bit more than 3 cents, or about 4 times the current pps. To me it is ludicrous that some of the posters regard me as a basher. I am interested in the truth but a person who uses truth in his or her identity did not abstain from lying. In a post a few days ago i pointed out an example of his/her lying. I did not see any refutation of my post.
It seems obvious to me that the stock market does not trust rhe revenue numbers that have been posted. The pps was 1.21 cent some time ago before the latest very big contract had been published. Yesterday the pps ended at $ 0.0075. The logical implication seems to be that the stock market does not trust the information coming from SPZI. I have an open mind and find some reasons to trust Mr. Park and some red flags too. I have acted in accordance with this view. I often go for high risk/high reward.
