RE:Price to Book Ratio .27 - way undervalued I keep buying the dips, but at some point we have to see the stock at true value. I think the insiders may have something to do with the shorting, there is no help from them getting the business plan and promotions out.
Let's see if things change anytime soon, they claim to be working on promoting the company and getting information out to investors and future investors, at least that's what they told me.
perplexedinvest wrote: Let me know if my math is off, or at least close. US$ market cap is 106 million, Shareholder/Stock Equity is US $389 million (based on q1 financials). 106 / 389 is .27. P/B ratio of 1 is where a stock should be at, and we are not even close? We should be 3.5 x our current price so $1.54.
I would think very similar to Harvest Health in market cap. Revenue is pretty equal, shareholder equity is equal. Quick Ratio is pretty equal. Shares outstanding equal. Both on the CSE.
Harvest Health posted a loss for the quarter but we didn't.
Just doesn't make sense why we are at the price we are at?