Ann: Sale of Consulting for $15 Million, page-39

That is a pretty harsh take on the value of the company. Twitter / Snapchat / Amazon and a multitude of tech companies sit on multi billion dollar valuations without turning profits. Simply on there viewed potential to eventually do so.

I would say given the quality of the customer base the head start in the tech space we occupy and substantial cash backing removing near term capital raising risk we are extremely undervalued.

But differing opinions make a market otherwise a share prices wouldn't move in either direction.