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trademax42

08/21/17 9:35 PM

#13880 RE: beenhadbefore #13877

You may like to notice the the current MC is less than the six months revenues ending June 30, 2017.

Wow!!! Sounds pretty under valued.

What are you talking about Six Month Rev's June 2016 were $8,593,611 and June 2017 are $8,459,205. So, what Improving revenues (8.5 million) are you referring to?



With regards to stockholders deficit, current assets vs current liabilities that you mentioned. Just look around, many companies in their growth phase face similar conditions. AXIM's (I realise it's not in the same industry sector) example is provided to drive the point home.

The stock is trading at $6.00.

The following figures are for the yr ending Dec. 31, 2016.

Stockholders equity = -$2.4 million (yes minus)
Total assets = $1.4 million
Total liabilities = $3.8 million
Net income = -$7.3 million


And also,

MC = $315 million
But revenues = $47 million. Hence MC is 6.7 times multiple of revenues.


https://ca.finance.yahoo.com/quote/AXIM/balance-sheet?p=AXIM

Go $$TMPS$$

Disclosure: My posts are just my opinion, not intended for investment advice. I am often wrong, hence do your own DD.