What evaluation do you give to a prerevenue companyHi,
Long time since I have posted. Just watching developments.
In a company like this with some interesting technology and the possibility of generating large amounts of revenue very quickly, the question is what evaluation do you give to it?
I do not have the answer, but the answer to another question "How long till NXO generates revenue" is easier to answer....
Answer: What is the rush to generate revenue, why not wait for the right deal which will provide long term revenue, versus a short term deal/prodcut which will then give away the technology? It makes more sense for this company to be patient and then hit home runs with large volume strategic partnerships.
Word to the wise: If anyone from NXO is listening on this bullboard, do not try to satisfy the retail investor, they are short sited, be patient and look for the right deals. Spend efforts connecting with institutions, and people with more than $150,000 to invest at once.
As far as stock price, the level 2 often has iceberg orders which show 5,000 shares but behind it is a sale for 40,000 or more. Only deep pockets will move the price and consistent buying from retail investors will help with the smaller icebergs.
thanks,