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Re: jk21 post# 105174

Tuesday, 09/17/2013 2:34:05 PM

Tuesday, September 17, 2013 2:34:05 PM

Post# of 107353
I wish we could get this ticker uplisted sooner rather than later. One of the problems with the OTC market is that stocks, or a majority of them, are not traded on fundamentals. If you annualized the company's 6 month trailing EPS, we're looking at approx $0.16 FY2013 EPS (includes the newly issued shares). Assign an industry avg. PE of 25x and the PPS should be sitting around $4.25. This is a very basic and simple valuation. I don't think the company has enough of a profitable and positive cash-flow history to dive into a DCF valuation.

The problem is a combination of OTC ideological trading (not on fundamentals) and low liquidity.