Value EKOUnless they keep burning 3M$ per Q, ( Wich is still possible), This co is definitly worth more than 30M$
The market still there (filters), +40 Billions of reccurent business per year.
They should get 1% of that in the next years so 400 Millions.
Now the question is , in 1,2,3,4,5 years ?
Worst case scenario (and very possible), they raise money $ at 35 cents so we end up with 20M more shares... after all if they get that part of the market, we'll be fine, just 5 years later...
I do not expect the share price to hit 25$ anymore but 2-3$ in 3-4 years is still possible if they reach 100M in sales...
Liked the little Simon in charge of filters sales.
Masks, scanners and juice, just iciing on cake.
I try to find stock that could be a 10 baggers in +- 2 years.
I accept the risk to be wrong 25% of the time, the overall result will be great anyway.
GLTA
FMS 2012