Think it is easy for all of us to believe the hype that our stock after being a multi-bagger will continue to scale even higher and continue to hold on the premise that it will even get higher when the revenues starts showing.
Reality is that only possibly 5% ever make it to become true sustainable multi-bagger like a PME or an APX but even those two companies were already generating decent revenues and had their revenue models validated before they become multi-baggers. Others would just be "selling a promising story" and my cut-off point is $100m market cap, beyond that the story has to be backed by real tangible revenue numbers in 4Cs otherwise their sp would be well ahead of their promise (see my posts Tech Stocks-compared).
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Shanthar Pathmanathan, MD
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