Possible, but unlikely IMO.
I think the market is factoring in the performance shares to some extent already.
I expect there will be a dip when it actually happens.
Looking at a rough forward P/E from our March quarterly with 30% QoQ growth.
Shares - 1 billion (roughly - assuming Class A, B & C are all achieved)
Revenue - $ 9.156m (annual)
EPS - 0.9156 cents
P/E - 30
share price = 27.5 cents
For a P/E of 30
At 20% QoQ growth the share price = 24 cents
At 50% QoQ growth the share price = 36 cents
Let's say the following 12 months the growth levels off and we have 10% QoQ.
P/E drops to 20, no additional shares.
Revenue - $ 23.181m (annual)
EPS - 2.318 cents
P/E - 20
share price = 46 cents
So to me, 16 cents is a good buy for a long term holder.
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