That was in line with my general thinking. And 800% puts us at $4, or more like $3.25 fully diluted. (Edit: I realize that I did my math wrong here... but the results don't change that much.)
In other words, to ever recognize the value that cash flow analysis suggests exists (which I also believe exists), the share price needs to move significantly first. At least based on easily available reference points.
This is why folks' expectations are tempered, even while they see and believe the valuation analyses. Hopefully the company can find whatever news they need to eventually break this price action.
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