Valuation estimate, page-100

That doesn't mean you were right last time just because the SP temporarily dipped. That is an entirely predictable regular occurance for a fast growing stock that hasn't had its revenue growth fully confirmed yet. The current SP would actually suggest you were wrong at that time. I'm expecting 4th quarter revenue to be somewhere in the region of $40-50m with a 60%+ profit margin for what is a fast growing business. What MC do you believe those numbers to warrant? I presume your 4th quarter estimates are significantly lower to come up with a MC of $400m max. My projection is for a SP of $4+ in September.