First off that link you posted takes me directly to a page trying to get me to sign up for their service NOT a report i can read on JBII....secondly JBII has a market cap under 50 million which is a joke much less overvalued....and since i can't READ this alleged report there is no way to know who these supposed big competitors JBII has that they will have trouble with.
JBII shares are currently priced at an extremely exhorbitant premium in relation to the actual sales they do. Yes, as is the case for almost every start-up company that has this potential.
There is a substantial amount of hype and positive expectations already built into this share price. Yes, I think it's related to the P/E for a stock of a start-up company with much potential.
They are a small company competing with larger competitors with greater resources. Not sure who is being talked about here but it would be nice to know.