Now that the warrants are deep in the moneyDisregarding the options held by insiders, the fully diluted shares now number 193 million.
The market capitalization is now $200 million.
$200 million for a company that reported $12.35 million in revenues and $28.5 million in losses last year?
Trading at 16 times revenues ?
That's very very expensive by any standards.
A collective hysteria has set in.