No speculative company that is just getting moving earns a PE 100 ratio. More like 6 x4 =24. I like MYEC's chances here for long term growth/investment risks. However 1.3M revenue for all these O/S shares is not enough.
It just does not cut the mustard. In your calculation on your 100 PE you are nuts. Break your number down by 75% and you are close .04 is about right here. My money stays off the table until I see significant share reductions. Because if one thing is holding MYEC back it is too many shares. Yes I know 3B are restricted and can not be sold per 42rule. But, they are still outstanding and part of the MV of MYEC and an obligation to CEO.
Nice numbers for a start. Wow great news just caught up. This is the perfect long term investment imho. REVENUES will only keep growing exponentially imho. #MYEC
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