As with some other stocks I keep track of Paul GNTA has no revenue stream and neither do a few other companies I have my finger on. One company has had total revenues for the past 18 years of less than $700K which is less than they pay their CEO and other high ranking officers for a year. Yet they trade in the $0.60s and have been as high as $5 two years ago.
Valuations of companies are very hard to discern at times. Is it speculation driven for some companies while price manipulation of shares goes on for others? It is crazy at times.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.