Ann: Quarterly Activities & Cashflow Report, page-145

Blazer, the issue is you haven’t provided any evidence as to why $20mil is reasonable.

You can’t just pull a figure out of the sky, and say this is a more reasonable MC based on revenue, for a company that is basically pre-revenue.

@Woldanorf is offering to explain why factoring a MC of a company based on revenue doesn’t work in growth tech stocks, so there’s a fundamental disagreement.

Those of us that fall on @Woldanorf side of valuations are happy with where we sit regarding the current momentum and future potential. You might fundamentally disagree.

So there’s two positive outcomes. You accept that your method is different to others here in evaluating what MC they think is viable based on the information provided, and that although we all might be wrong it’s just a philosophical difference...and you move on.
Or you engage in factors outside of “Its got poor revenue streams and high dilution so I think $20mil is about right” to have an informative conversation if you’re going to be contrarian view to everyone else.

The third is we keep banging on about subjective differences based on very little substance.

The reality is you’re guessing as much as anyone else, you just don’t agree with the other guesses.