Who knows, But the point is that's not a super excessive amount. Doesn't mean it's not a significant legitimate company, But it doesn't mean it's a 1/2 a billion dollar company either. Before the SEC and finra stepped in last year..... Many were known to pay that amount in order to run share selling pumps games. Technically legal of course. That may seem like an awful lot to you but it's not for anybody trying to get Into the OTC by any means.
You continue to fight against what I'm saying but all I'm trying to do is caution those on putting out ridiculous valuations for something that is not known at this time whatsoever. I've given just 3 examples of how that strategy has ended very badly..... Except for those that were pumping it and got out Before the true merger was known.
Tell you what, You do the research and tell m what is the highest company valuation for any stock that's come out of an OTC reverse merger. If you can find one that on the day of its announcement, Was worth a 1/2 a billion dollars based on Average PE and PS ratios for that industry..... I will stop saying anything about $5 valuations
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