My reading is the fundamentals don't support the share price. If the world market "is in excess of $500m" revenue (as per EVE's speeding fine reply) and if EVE achieved a very unlikely 10% of world min revenue, ie $50m, then whats the profitability? If you said 30%, ie they made say $15m after tax, then at 5x PE its a $75m market cap. At 4/12 close it was ~$50m cap and its not really producing yet! A 2.9c open going to 3.3c saw a number of long term large holders bail out in volume today. The reason I expect was valuation, and the price moving +7x in 4 weeks. I detected reasonably significant algo action from my observation, but when >50% of the shares dump the price this tells you something. Hoping EVE does well, but looks like it's gone too hard for the time being.
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