Good explanation Ryan... You're getting a hard time because at first everyone thought you were just bashing, but I think you are sincere. Someone told you that number, and we're all just hoping it's wrong. let me say that if it turns out to be right, I certainly appreciate the warning. I have an email into the company and to the transfer agent and i will call them both again on Monday morning. Hopefully Monday Am we will get to the bottom of this.
Ever heard of P/E Ratio? It is possible the PPS could outpace the actual revenues of the company showing a larger market cap than the company is worth. A company with a higher P/E Ratio shows a given demand for buyers of the company`s stock. It is common for a share price to outpace the companies revenues. I`m not saying that will happen here, but I`m not say it won`t either.
I had once spoken to the CFO, who was listed as the IR and was only told the A/S. They wouldn`t give me any other information at that time. That was a couple months ago and I have not tried again since.
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