XF1 Valuations, page-11

I've been watching this stock for a very, very long time -- I'm now pleased to be a holder in XREF.

$10M sales. $25M MC. Yet, the company has had a valuation of $100M historically.

Given that the company is now about to hit the crossover point for cashburn, I think the market will start to re-rate the company back to historical levels.

This is a very tightly held company. The Founders own 40%.

It's a BUY from me.

T.E.P.

P.S. Will share some detailed analysis and due diligence work in a new thread over the coming days.