Super Cool! We finally have numbers that will get someone's attention!
Share price of $3. Trailing EPS of about 25cents.
It is just so much more credible when EPS goes from 20 cents to 35 cents to 50 cents than from 2 cents to 3.5cents to 5cents.
So if I'm a customer and I see that I am about to do business with a company with a 30cent stock price, I might hesitate. If the share price is $3, much less hesitation.
Just a myriad of reasons why this is so right. This opens the door to at least a small chunk of institutional and mutual fund managers.
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