no kidding! if the rm company had, let us say, 130 million in gross revs,(they almost doubled.. and 2021 audit is not done yet, so 125-130 million possible...) ok, let us go one step furthur.. if their profit margin is 20%(not exaggerative) that could possibly mean 26 million in net revenue... divided by 17 million in os/float= following possible numbers, including pe ratio: depending on industry , some pe ratios are as high as 50 due to a great net profit for a rm company...(jmho) so with such a tiny, tiny os/float-- pps would be sky high if pe ratio is high.. if lower , if net revs are 1.70 per share, even at 10 pe ratio-- the pps would be $17 per share... of course, if net profit is less, the pps is less.. obviously, in conclusion, what we have to remember is this: with such a tiny os/float, the pps can fly high on momentum alone... shares would become very scarce and people will be chasing.. glad i am in now!!
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