Ha, yeah, believe it or not - I do agree with all your points.
While I think the market cap is absurd, to your first point, VATE's is indeed low when compared to the rest of the other questionable companies in the sector (and specifically in the pink sheets). I think their management to date is doing an excellent job as well- dilution has been kept in check and VATE's verticals are well established. I'd also agree VATE is largely being day traded and that longs are accumulating where they can.
To that end though, the sector, and VATE, are still inflated. Again, it's low on a relative basis to it's peers, and so many of them are built on smoke and mirrors. I think this one is a diamond in the rough, but it's going to take some time to see the real returns we are looking for.
I'm a long and I've got few hundred thousand shares, I really hope VATE pans out. I just like to stay grounded and stick to fundamentals - we can't think that VATE should fundamentally be worth even 10 cents without increasing revenues dramatically and I think that could very well happen post QB uplisting, if it does indeed lead to better transparency for future deals with larger distributors. Even so, I foresee holding on to this stock for at least another year before I see the kind of return I want.
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