That's right Mak....similar to Facebook worth $50bn pre IPO with no revenue and thus no profit. Now it is generating substantial revs and profits.
For OBJ until revenues can be seen qtr on qtr plus new product developments etc etc.....value is based on potential.
The beauty of OBJ is they are stapling their royalties to existing products and sales revenues not establishing new sales from scratch. The cash flows will further lift the value of OBJ and hence the institutional money will then start buying at multiples of this current price as usual. That is why I refuse to allocate money to fund managers
IMHO
OBJ Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
(20min delay)