1-PG price guess in one year from now?, page-31

It may be currently below cash value, however, it won't be for long. They forecast a whopping $4.5m cash burn in the current quarter. Assuming they make <$1m cash, that's $3.5m+ cash outflow, so cash assets at the end of the current quarter is ~$30m. Say they still burn $4.5m in the next quarter and only make <$1m cash. Then the current share price is above cash value. The market values a company based on its anticipated future outlook, not the current/past.

There were some big sellers at the end today at 18c - over 2 million shares. I wonder if they want to get out or are pushing weak hands. I had some buys at 17/17.5c but have pulled them. I'll wait for the quarterly to see if it has signs of life. I'd much rather pay a premium on a good result than catch a falling knife.