Then how much should the majority of these companies be worth with no revenue and weak potential?... Many are trading at higher market caps.
For the 100th time, stocks are valued based on FUTURE potential..... 99% of pennies would never move if they were valued based on what they've accomplished
Look at Converted Organics... $2,300,000 revenue, over $20,000,000 debt and a $30,000,000 market cap... and the PPS is near it LOWS. Its traded with a cap MUCH higher than this
WNBD has very little debt (per Eric), because its converted via 504 and they could surpass $5,000,000 revenue with 1-2 USA NA's...and it trades at 1/3 of the price of that stock.
WNBD is a good price for this "stage" IMO... this is not a development stage company.