News Focus
News Focus
icon url

kermit42

01/26/08 3:08 PM

#32819 RE: stervc #32811

Good to see you on this thread Sterling. I appreciated your thoughts on WNSH back in the day (still waiting on that one to pan out) and would like to know what you think of this one.

Figuring out the proper market cap of RVGD is an ongoing process, but at this point, I don't think it matters. The first step is to clean out the shorts. If we successfully trigger a squeeze, we will see share prices far higher than any sane valuation can give us. After that we'll figure out what we really got on our hands here.

The OS is relatively small for a sub-penny and the business has some real potential (imagine a 10-year plan of capturing 0.5% of the market--that would be a lot of cars).

Anyway, welcome aboard. Glad to see you around.
icon url

alexindef

01/26/08 5:02 PM

#32843 RE: stervc #32811

I used all numbers just for simplicity such as multiplier 7 as a “general” for auto and so on. Totally agreed with you - .035 is still undervalued (as well as I used the $14M for the calculation instead of expected $28M) - still 6X level above of the current PPS is showing how much the RVGD is undervalued.