PE ratio 117I believe there are couple of drivers that are now bringing the valuation of the company to more reasonable level.
- PE ratio is almost Tesla like, but 44% topline growth cannot support this. Growth rate was maybe the most disappointing factor.
- Is CEO working for shareholders or mainly for himself. Compensation and possible (not confirmed) CEO patent ownership have not been encouraging.
- How unique the company really is Glauconite is common enough, why it hasn't been used is more of a marketing problem than availability problem. Or does it actually work as well as company things.
In all, company needs to show more to convince investors that this really is a growth story that can support such a high valuation.