$1 is reachable this year IMO. It could be reached with a series of exciting and unexpected PRs spread out over just the right amount of time. That is, if 5 exciting PRs come out on the same day the stock may not climb as high as if they are spread out over a month or two or three. It all depends on supply vs demand. The news has to be significant enough to overcome any profit taking or selling of convertibles, etc.. If Titlematch really is in an enviable position of leadership in an emerging high growth industry with nearly unlimited revenue potential--which I think they are--then the idea of a number of incredible surprises this year is not far-fetched.
I really was thinking in terms of a sustainable price, or range when I wrote that. I would not expect $1 to be sustainable this year, unless the news really is tremendous. A range of $1-$3 will be sustainable if the market is convinced that significant earnings either have occurred or are coming soon. I think the earnings necessary would have to exceed $5 million annually. I believe that amount could be reached in 2-3 years.
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