Yes. Even though company is losing money like the biggest loser, the pps is held at certain level, because like someone said, that’s the price people are willing to pay for right now. It is not undervalued or overvalued. It is valued at current pps.
If Kent and management can present some kind, any kind of positiveness on paper, it has super upside potential with the existing big revenue numbers.
i.e. operating expenses cut in half, reduced debts (reduced interest expenses)
So far, from inception, he hasn’t been able to. As the revenue grew from acquisitions, so as debts, operating expenses, interest expenses outgrew the growth, meaning as their revenue grows, they have shown higher and higher NET LOSS.
Them blaming few share holders are cause of crashed pps from $5 to $0.07 is almost laughable. Its the result of their own operations.
When I say they will not be able to continue to fund their operations, i am not joking and the company knows it better than anyone.
$6 mil funding needed every year with current phase of loss, and there are too much debts for lenders to lend anymore (they look at ability to pay back), also running out of shares to sell, not to mention at current pps, they can fund raise so much by diluting anyways.
I am very much looking forward to Q2 result too. Not to see what their loss was, but to see if there is any kind of positive change.
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