As I said, it's not a prediction. It simply means that if you accept that they could bring in $30 million+ in revenue in the next 12 months (which is not unreasonable if they can enforce their ATM patent), then $.75/share is a rational target (unlike someone who might predict $10/share off the top of their head). I actually think the revenue target might be a bit conservative since it doesn't include crypto mining or rig repair estimates.
Back on January 3 I used basically the same method (although I used forward PE instead of current PE in the calculation - this is the average projected PE for each sector over the next 12 months - see post # 107665). Again, the estimate didn't include rig repair or mining revenue but, back then, I projected a price range of $.22 to $1.00 with some more refined revenue and profit projections based on the patent.
It all depends on whether the revenue and profit can be realized.
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