RE:1st Quarter resultsHuh??? You divided 55M by 3 and then multiplied by 58 to get 1.06B?????
Hahahahaha, it does not work like that. Wow, you should never invest if you are going to value something that way.
At this point, debenture is a safer option at 50% of the face value. Though still expensive, it should be trading at around 20 to 30%. If company goes bankrupt then debenture will be paid first. So, I'd buy it at 20% of the face value for 5x upside. I think debenture holder will likely get 20% of the money owed in the worst case. Add coupon value then it is a good investment.
This is 5 cents per share company. Penny stock means high likelyhood of bankruptcy.
Get out if you can. I am very glad I sold before the crash. Money is money, get out now while it trades above 5 cents.