This is all irrelevant, the point is that at the current SP, based on FA metrics available, taking into account cash burn and NTAB, it is a value proposition as an attractive speculative buy. Of course it isn't a Facebook, etc and at a MC of $25m here, I don't think anyone is suggesting it is. The point made was that they all start somewhere and there are many tech companies with valuations in the $M and indeed $B with little to no revenue. If in 2,3,4 qtrs time the cash burn is still there without an increase in revenue then it no longer looks attractive but the fact is that revenue has had a nice increase and it is pointed in the right direction. Being a spec buy, there is zero value attributed to the underlying business at this point which is ridiculous with a NTAB of .22c.
The market has absolutely given 1PG a pasting from north of $5 dollars when it was receiving far less revenue, so anyone who suggests that it isn't worth serious consideration with higher incoming revenue at .165c is ill advised from a value investing point of view, albeit speculative.
The drip seller and anyone else who wants to keep selling, please continue as I will keep mopping up whatever you have to offer.
IMO DYOR
Add to My Watchlist
What is My Watchlist?