Merry Xmas to you Pennies and Archie and all fellow WBT'ers
Leave aside any Fab arguments I don't think WBT will necessarily achieve $100 mill + in recurring revenues in first year (fantastic if they do) It will be the expectation of building towards this that will lead to a future market value.
I believe WBT will fall into a first responder category when first contracts are entered into, even if initial revenue is small. BRN could be argued as being in a first responder situation with NASA and Japanese Co entering into initial agreements(no indications of revenue) and their valuation is based on expectation.
A future PE of 100/1 or more could easily apply to WBT when contracts roll and revenue expectations are analysed. Even an expectation of $25mill recurring revenues could lead to an market valuation in excess of $2.5 bill which would equate to share price in excess of $20 (or $15 on current fully diluted basis)
The WBT board is well aware of the worth of the technology and will be working hard to win the so called "arms race"
Good luck to all
WBT Price at posting:
$2.28 Sentiment: Hold Disclosure: Held
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