Ranking in Alexa keeps going up. Financial assets being 22c/share is a useless metric because they will probably have <$10m in the bank before they become profitable. Therefore at current market cap its enterprise value is $16m+. Unless they ramp up revenue and cash receipts really quickly in the next few quarters. I'm forecasting $600-$800k cash receipts for Q4 (Oct - Dec). That'll cover ~20% of quarterly operating costs. It needs to hit $2m cash receipts/quarter by mid-late next year for the share price to gain traction.
Add to My Watchlist
What is My Watchlist?