What's in store for the 1st day of trading tomorrow?, page-6

I hate to be a let down but I think it's dangerously overpriced.

Market cap at the moment is 35Million.

The company has around 1M in hard assets, and last year made a loss of a million dollars.

How much revenue? 84k. for the whole year. year before that they made 34k so there's a big improvement.

But just how much revenue would they need to make to justify a 35Million pricetag?
5 Million a year.

They need to go from 84k a year to 5 million a year in revenue. That's a long long way.

While they're a good company, I don't think pricing in a a 5900% growth and paying that today is sensible.

Grats to the owners though, it looks like a very good business with a product I personally would love to use and will probably look into; However, at this price it's just too expensive as a stock for what it does.