ac8 vs cann, page-38

Full disclosure I bought AC8 at 98cents and sold at 54 cents, so I did make a loss on AC8 as I was impatient. However, I'm not here because I'm spiteful or anything, I've been watching the rise since I sold and just wanted to shed some light on my current thoughts. I'm a filthy non-holder and so I'm sure some holders won't like this post but I'm just giving the forum another perspective.

AC8 is currently valued at $206.2 Million. The company reported $0.00 revenue for the 6 months of FY2018, with $119k being made through interest. Now I understand they have $12 million in the bank, which at a cash burn rate of $1.8 million for the current quarter could sustain them for another year or two, but just let me show you some other companies, their market caps and their revenue.


BIG UN Ltd:
At it's peak last year the price rose to $4.98. There are 171.9 Million shares outstanding. Therefore, at it's peak BIG was valued at $856 Million. According to their 4C, BIG had a yearly revenue of $37 Million.
Following BIG's highest market cap, we have a valuation of $23 Million in market cap per $1 Million in revenue.

APT:
Afterpay is currently valued at $1.2 billion and reported $49 Million revenue for the half year ended December 2017. This gives a valuation of $24 Million per $1 Million of revenue for the half year. Or on an average of $25 million per quarter, a market valuation of $48 million per $1 million revenue in the quarter.

ISX:
Market cap of $100 Million with a 4C showing $392,000 revenue for the quarter. Giving a valuation of $255k per $10k revenue or $255 million per $1 million revenue.

BUB:
Market cap of $280 Million based on a 4C that shows $2.084 Million revenue for the quarter. Giving a valuation of approx. $140 million per $1 million revenue.

CLQ:
Market cap of $767 million. December quarterly shows $1.871 Million revenue for the quarter. Giving a valuation of $409.9 Million per $1 million revenue.

CUV:
Market cap of $425.8 Million on a 4C quarterly revenue of $4.199 Million. Giving a valuation of $101.5 million in value per $1 million in revenue.

MVP:
Market cap of $437.3 Million on half yearly revenue of $8.875 million or $437.3 Million on a quarterly average of $4.44 million. Giving a market valuation of $98.5 million market cap value per $1 million in revenue generation.

ACK:
Market cap of $186.2 million with a half-yearly report showing $4.682 million in revenue generation. Averaging this to $2.34 million per quarter we have a market valuation of $79 million per $1 million of revenue generated in a quarter.

As you can see, these companies have market valuations that, per $1 million in revenue, range from $23 million to $409 million. However, AC8 has $0.00 revenue. So when ACK and ISX have lower market caps than AC8 but have $4 million and $392k respectively, it makes me worried that AC8 is currently overvalued.

Thoughts? I've followed AC8 but haven't read every announcement head to toe, so if one of the announcements has some revenue-generating excitement in it, then please share.