RE: Evolution of NAVPS GrowthNet Asset Value Per Share (if that's correct).
"I won't go into a long theoretical diatribe about this. It is too subjective."
That's it. Far too subjective indeed, particularly for a micro-cap.
At this stage in the game the difference in micro-caps is leadership. That and that alone is what determines the share price, in bad markets or good.
Does management know their shareholders, do they continue to sell to them? It can be a deciding difference.