Valuation does not always (often doesn't) equate to revenue for micro-cap companies. $13 mil MC is crazy low given the potential from the IP and the funding runway through to registration provided by the STK partnership.
Yes there is some time before registration comes to fruition, however I would not discount the potential for other material partnerships/agreements or left field announcements that could bring eyes/confidence back to BGT.
What had concerned me was the lack of on market support we had seen until recently. After the recent market update we have since seen volumes pick up and support starting to show once again. Perhaps management actually went and sought support? Either way, there was such little volume traded below 10c that I would not expect much resistance to support the price back up to and around that level.
BGT Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
