Steve that is one of the most ridiculous post i have seen on HC.
Most of that revenue is logistics which is very small margin and may be worth a PE of 10 if and when the logistics part of the business actually makes a profit.
The revenue that matters is the marketplace revenue and the market place margin.
At this stage there is very little marketplace revenue and we dont know what the margin will be.
The majority of this companies current valuation is based on the perceived value of the marketplace.
In my view the marketplace is not worth 100m at this stage .
In the future the marketplace may generate enough profit to be worth 100M or more.
To me the risk/reward does not warrant a investment at this time
DW8 Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
(20min delay)