First, in 2013 Elite said the valuation of $2.10 was the midpoint of their valuation analysis done by an outside third party. Absent any evidence to the contrary, the company should be believed. But I fail to understand why that vexes some for so long. After all, we are talking about 7 years ago and much has changed. Most notably, it is reflected in my next point...
Second, what about the projections of increasing revenues? As Nasrat said, Q1 and Q2 2020 would be a multiple of Q4 2019, did he not? Why, yes he did! And what happened...multiples!!! And now, we await another multiple for Q3.
But, how about one more that I am only happy to be checked on in the future...EOY 2020 revenues north of $20M. Please feel free to check back with me on that.
And, did you know I was a dart-throwing champ back in my college bar?
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