I might be wrong, but I think he meant how would you value the business model itself, not the MC.
the problem with this one is a bunch of high net worths control the majority of the stock so there’s not much free float. They can afford to wait for PE to come in or a takeover. These rich guys don’t buy on screen, just participate in raises at a discount. With the EBITDA this does it SHOULD be worth way more than it is.
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