I mainly flip a few stocks here and there but am not a pro by any means.
I'm curious; how do you assess a share value when there isn't any siginificant revenues or contracts? No current way to make a profit?
Is the value based "betting on the come"?
If so, the rewards should be huge for making such a play because the risk is huge when you do business "betting on the come". If EEE is a "betting on the come" type play- it's still over valued as it will have a limited run in relation to money invested. IE- $6/share isn't anything significant in the grand scheme of risk/reward when there aren't any contracts or profitable revenues IMO.
I've added a few down here but will flip and wait for another dip.