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benandemmiboo

04/12/18 7:19 AM

#46979 RE: H~E Pennypacker #46978

Once they reach 2.4 billion shares, .005 cents will likely equate to a 12 million MC company. That equals or exceeds the market cap of many debt-free companies with seemingly lucrative products (like a Viagra cream for women, etc, or an iron ore company whose project's NPV exceeds 1 billion) ... so it's getting hard to call SRMX cheap anymore.
They have had a few products on the market (surge suppressor, etc) that have garnered little interest, and lost money, and, when factoring in the dilution costs, they've recently spent a few million on a thermometer to go after that niche market of individuals who would love to spend tenfold on a thermometer they could talk to.