I don't disagree with you RE company valuation to a potential buyer. Someone could come along and value it 20x it's revenue regardless of costs if they see potential, and someone else could give it a miss completely if they think costs are simply too high to sustain the business in the long run.
But I digress, that's not what I'm getting at. I'm simply pointing out that for this share price to go up, for shareholders to see return on investment, they need to be showing steps toward profitability. I fully understand small and micro caps largely operate in the negatives. However a lot of them also aren't as developed and in such a position as CPH. These guys have the product, they have the customers, they have the attention. If it's all about releasing new products and not so much the bottom line -- as MentalAS puts it -- why isn't the share price going up every time they announce a new product or new market entry or new partnership?
Because smart money knows it's more expenditure. Smart money knows they can pick up more shares at a heavily discounted rate when CPH need another CR (which is a matter of when, not if). Smart money knows this will be diluted again and again, all the while them making money along the way, which is clearly evident in the sheer amounts of volume this share trades per day.
CPH Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held