I agree with this
Too many investors are only focusing on their “rumored” $14 - $21 million in revenue.
If that’s all they have, that still puts their company at close to a $100 million market cap valuation (5x revenue).
At minimum $100 valuation with 600 million current O/S = minimum of $0.15 per share after merger closes.
However, that’s probably too low because we’re not taking in to consideration the value of their assets, their patents, their technologies, the expertise of their team of employees in this industry, and the fact the industry they are in is a booming emerging industry that they are well prepared to be able to handle.
Not to mention, the potential market cap valuation I mentioned above doesn’t factor in any potential deals or contracts they have already landed recently, or bidding on for their future. Even if the Air Force deal doesn’t work out, look at all of their clients. Those clients will continue to need them during the skyrocketing growth of this industry in what it will demand.
Add it all up, and their potential market cap is at least $300 million (600 million current O/S), even without the Air Force deal. That deal doesn’t make or break them. But if that deal does happen, this goes straight to dollars per share. But even without that deal, $0.50 per share is certainly plausible.
News 
Market Data 
Discover 
AI
