RE:A very conservatice price target $2.44Actually you need to take into consideration an acquisition or 2 this year with the over $15 million cash they currently have in the bank. So $12 million rev is probably very low and more important will be the go forward annual revenue. The Snipp plan as I understand it is to roll up companies in the space using older tech but have a client base and then Snipp implements its mobile technology to the existing client bases. If this theory is correct then Snipp will be able to buy these companies at a much cheaper valuation considering that they are using old technology (ie. mail and email) and use cash and Snipp stock to acquire. Then Snipp becomes a roll up strategy with a high valuation revenue arbitrage. When the institutional investors catch on, like they did with EFN, CXR or PHM then the sky becomes the limit even in Canada.