Thanks very much! All along, I've tried to look at the company from a standpoint of marketcap vs (quasi-verifiable) revenues (and growth) so that question was a bit of a 'soft ball'!
Library valuation is a fair response but no great insight. I was hoping for something a little more, but -- at the same time -- what else could they say?
My ongoing hypothesis has been that *if* the missed deadlines have been due to incompetence (vs pump and dump with no intention to meet deadlines) then this has been a great opportunity than mis-fortune ... learning how to do an audit is a temporary problem from which the company will recover. As posted, I averaged down twice at 1.4 and 1.1 cents.
Of course, until we see the audit this could still be smoke-and-mirrors. Nonetheless, I'm very glad that you get a good feeling that they do not seem deceptive but, rather, working through issues they most certainly underestimated.
I'm hoping, for us all, a bump next week with huge returns after the audits!
