The guy thinks that it should trade at a $3.8 million market cap just because it had $3.8 million in revenue last year. As if 1 yr revenue was some twisted kind of book value or something.
The company lost $8.5 million to get $3.8 million of revenue, should they trade at negative $8.5 million now? I mean this is a ridiculous way of investing, if you can even call it that.