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NavyMSU

11/23/12 11:10 AM

#53176 RE: malvern #53171

Agreed... Still opportunity here, but we need to get liquid and stop chasing. If it hits 6-8¢ its a more appropriate price for S/O to PPS - remember, Q3 rev was $3M, annualized 12M and using the basic market valuation of 5-6x revenues we're looking at 60-72M valuation: need to keep that range in mind when valuing PPS with 950M shares outstanding.

You can always add in some hype if you think the market supports it, but I don't think most pink players know they lost about 30% value.