Tech businesses are on a tear at the moment. If you are a tech investor and you in a business which has been in decline for almost 3 months you would be looking elsewhere. I would imagine large investors are thinking of putting their money elsewhere leaving the retail investors rubbing their lottery tickets and heckling the naysayers on the internet :lol:
Trying to pass off a 120m market cap with $2m of revenue really brings out the stupids.
A truly groundbreaking society-changing business can get away with those sort of multiples, PCK is a nice product, but has only just about passed the gimmick to potential phase. The technology isn't dramatically complex, so unless they get traction quick (which they might), this could well get swept away with a new tide of technology.
Lastly, healthcare is a painful market to sell to. If they can get good paper results with a survey, they will do it.
Be careful people
