I'll let you in on a little secret. Most companies in this industry don't make a profit. That is a fact. You are welcome to dig up a bunch of profitable companies to prove that is not true, but I'll help you with another to support my fact.
JETR
SP: $0.0279
OS: 108.1M
Market Cap: $3M
2022 Revenue $17.03M
Net Income: -820.18K
Their hopes and dreams of raising $12M and uplisting to the NASDAQ fell flat. Sound familiar?
Using JETR as a comp of MC to Revenue, MONI would need about $73M of revenue to support the existing market cap. Not gonna happen. So basically MONI is over valued even IF the deal ever goes through. If it doesn't, then we are back to the value of an empty shell waiting for the next pump story.
btw: Star Jets has yet to turn a profit since launching in 2017.
Now you know why Frank 2 dumped all his shares. I thought he had insider knowledge?
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