120 Million shares traded past 3 daysVery nice consolidation and accumulation is happening!
120 Million shares traded, considering insiders own 20M+ shares leaving just over 50 Million floating shares, so quite good we should lift soon enough! Throw it a couple good news release and we are 20c to 30c fast enough IMO for a rough 15 to 22M$ market cap. Truly believe what we experiencing now is the company’s birth and all this going to take life, and fast. Once large orders and productions are set up, this might get hotter and hotter and the market cap should get closer to a more realistic value compared to its private competitors.
For instance, let say 15 cases and accessories for a gross rounded 100$USD per units, per Best Buy store, per month. 15x100x1500x12 months equals 27M$usd or 34M$cad.
On massive production, and I will be very conservative, it’s a 50% net profits so 17M$ yearly. Price per earning ratio of 10 to be also very conservative puts it to 170M$ market cap. Divided per 75M shares 2,27$/share. On Best Buy deal alone. add many other large retailers and couple this increasing sells per store and better % net profits, then this might go to a more respected market cap well above that. My DD says Lifeproof would have a 2,5B$usd valuation so 25%+ of this might be achievable with our partners in place.