WAY OVERPRICEDBeing traded at 100 times P/E. They made $400K in 2018 and its market cap is at $50M.
WHO THE HECK PAYS 100 TIMES P/E AND 150 TIMES CASH FLOW for this tiny company from Canada. The company is not even listed in venture but in CSE!!!
The insiders and directors that own 85% of the company that have been pumping the stock will start to sell some shares to markets. They are now overnight millionaires and they will want to diversify. More manageable to 51% of the company. That means about 6 million shares will be in markets over time.
This is dangerous.
Sell now then come back when the valuation becomes more reasonable at less than 50times P/E or cash flow.
Crazy!!!