Valuing IOU - 2021, page-106

You are totally right - any big run should cause deep reflection:
• Is this run valid?
• Is the price too high now - given the fundamentals?
• has everyone lost their mind?

• I believe the run is a re-rate - not a speculative dash
• I believe the price to 65 can easily be justified - based on achievements to date and imminent blue sky
• I think there are a massive numbers of sellers - hence the epic volumes - who continue to ask the question 'has it run too far?' - had there not been we would already be at $1 - this run has actually been quite careful thus far - it took DOU 9 days to go from 5 cents to 40 cents - that is ridiculous - and was based on pure hype and speculation - IOU's overdue run from 28 (back last year) to 44 has been based on layer upon layer of compelling updates
- the recent lull down to 16 and below was caused by a lack of eyeballs on the stock - once they arrived the re-rate could occur