When enough people figure out how well ABQQ is performing the share price will move up, significantly. It's not for me to make the call when.
Last quarter the company basically broke even on $800k in Revenue. There are no Cost of Goods Sold or Gross Margins to calculate since Revenues are generated by licensing fees, etc. The only expenses are Operational and shouldn't change significantly from quarter to quarter, they were $830K in Q1. The company is currently estimating Q2 revenues at $10.8m but let's assume they overshot the estimate and use $10m instead. I'll also assume that for some reason Operational Expenses doubled to $1.6m in Q2.
A bit of basic math: $10m - $1.6m = $8.4m in guess-timated Net Profit for Q2. The current Market Cap of the company is roughly $2.7m. This means the company is currently valued at less than 1/3 of the guess-timated earning for Q2 alone. They have also forecast annual revenues to be $33m.
Yes, I am continuing to accumulate shares.
It's just math,
Knife
Bullish
Do your own DD and trust it, no one else has your best interests in mind.
