well based on the bs promises and projections of the last year,the announcements of the to's (august & september)that have not came to fruition despite the company's words.and how about the fact that not one documented case of thier iris recognition anywhere.the 2006 stanley contract that nobody seems to know anything about.how about the fact that the company stated that "what we are getting is a 80-100 million dollar company" and nothing to show for it.what about closing out the cc to non-shareholders? perhaps they did not want the entire investing world to know about their game. and lastly lets not forget the past history of syms.
so in summary,trust me silence is never golden despite what many say.i would yell from the roof tops if i had something that would move my company's share price.
take their yearly revenue (gross) and divide it by the AS...you'll have your fair share price.
forget any nonsense about a PE multiple. Until they are regularly submitting audited financials...no PE multiple is deserved.
based on the existing AS and the roughly 1 million dollars they earned this year (and that is GENEROUS)...the fair market value of this is (insert drumroll here)....001 (and remember...that's assuming they made 1 million dollars...which they DID NOT) technically speaking...this stock is currently OVER VALUED by 75%.
so there you have it.
that 140mil contract? pipe dream BS.
the tied at the hip with major players? pipe dream BS.
selling their Iris thingamajig. pipe dream BS.
the $1 or .25 or .10 or .01 at this point by end of year? pipe dream BS.
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