RE:675 mesh connections = $ 195,000/month RECURRINGI like your maths.
It doesn't make sense. That's why I like it.
Management forecasted $195,000 in monthly recurring revenues for yearend 2021 and using a realistic multiple of 8 times sales yields a market cap of $22.8M.
For yearend 2022, management has the MRR at $850,000 US and using a multiple of 10 (still too high), market cap would be $102M
Currently we sit at a market cap of $42M (including warrants and options).
So negative value at the moment and 140% increase in share price in 18 months.
Considering management has already revised down from 1Q ago, I don't like their chances of hitting their targets.
My target is still 5.5 cents.