RE:RE:the sp drop the 2020 financial must be near I'll start adding when it hits 0.09 and under.
Giving a company a multiple of 11-15x sales now doesn't allow for any multiple expansion in the future.
Market Cap is: 296k x $.14 = $41.1M
Sales are: ~900 mesh connectors (generous) x $250US x 1.25 exchange x 12months = $3.375M
Price/Sales: 41.1M / 3.375M = 12x
This company doesn't make money yet, yet people are applying proven-business multiples to this non-proven business. They also have a very narrow customer base which brings another layer of risk.
I've bought a little position now, but I'm going to wait to see if the shares pull back to 0.07 - 0.09, where the sales multiple would be 5-8x sales.
I'll readjust my target if more mesh connectors are announced.