Bull- That is the wrong way to look at it. You need to look at the overall market cap for NVLX and not solely the PPS. NVLX is trading at roughly 0.225 which may seem like a low price but the overall market cap is $161.7 million. Is a company that produces zero revenue dealing w/unproven technology worth $161.7 million? Your valuations are always based on potential and never the company in its current state. IMHO the valuation in its current state is way overvalued.
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