I don't think a multiple of 15 is generous, I think for the tech industry its pretty standard for a growing small cap (valuing these companies is very difficult - BUD for example is valued by the market at approx 100x and SIS at 5x, go figure. I guess its more to do with future growth than current growth). And yes you have pretty much verified my point that we are close to fair value give or take with approx revenue of $5M. IMO we have had a very large correction which is probably healthy in the long run, keep growing revenue and so will the share price, and vice versa of course. The quarterly is Tuesday at the latest, we are simply speculating in the meantime
BID Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held