Replies to post #63125 on Progressive Care Inc (fka RXMD)

[ndww42]

Stock price is not 1:1 with company sales.

If that were true then why do many OTC stocks have a PPS of 30 cents yet have no sales, assets and an OS in the billions?

They would be overpriced to according to your logic.

Same with big board stocks. Many tech companies are not profitable yet they have share prices in the hundreds??

It's not as easy as looking at the OS and sales.

Much much more goes into the equation.

All I'm trying to say is that, the valuation of a company can be totally separate than share price.

What a CEO values a company can be and is often very different than share price.

[JohnCM]

"valuation of the company as of today should be at least 1 or 2 times of the sales"

Assume this year sales hit $22 million, then divide by roughly 360 million shares. That gives about 6 cents for one times sales and 12 cents for 2 times sales. How else can that your statement be interpreted?

Sounds reasonable.