RR, to be sure, LFBG rose to a 40 to 1 P/R (price/revenue) ratio. If it did it once (w/excitement, pump, and a lil kool-aid included) it can probably do it again.
(Normally, I would use P/E, but that doesn't apply to LFBG since they're not profitable yet and cannot legally use the term 'earnings'. Revenues, they can. Hence P/R.)
Now hypothetically speaking, and only upon news of higher projections, could LFBG do this, but of course, only in direct proportion to the float when it was at .0129. The float has changed considerably since .0129, though.
My guess(!!!) is, if (when?) LFBG comes out with projections of $2M+ (increase of $.7M+), with the new o/s of 4.446, it's still possible (!/?) (using same P/R 40 ratio, but dumbed down by dilution), to see a spike/run to .02, honestly.
After that (for .02+), LFBG will require substantial new PR'd development in their next generation games (enter Cloud 9?). That'll be the catylyst that sends LFBG above .02. Anything less just won't cut it with the current size of LFBG's o/s.
While I'm sure the 'news' of a buyback may excite some, having been around awhile, IMO if the buyback is less than 5% of the current o/s, it isn't squat. 10% would be nice, and 20% would really catch 'professionals' attention. Just so your own intelligence isn't insulted, don't get excited if the buy-back is for less than 10% (446M shares) of the o/s. That (446M)would only be 1/3 of what the o/s increased in the last 2 months.
Also to note, the 'darling' stocks always have large insider positions. Sadly, LFBG doesn't have that, which doesn't bode well for serious s/h confidence (since insiders don't show but small gifted positions themselves). IMO, the CEO himself (and maybe 2-3 other insiders) needs to step up to the plate and buy 100M (each), just so's investors know he's (they) put a personal stake of his (their) own, here. I mean, c'mon. Filings show Troy only owns 61M (?) shares. That's not even 2% of the company. The 'owner' of the company should always have atleast 5-10%, if they have any confidence whatsoever in their potential future, in regards to their company and themselves in relation to the company.
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