Hopeful, you're right I don't believe it, I was just using the current valuation figures. Nor do I believe that using the sector P/E ratio of 18 and placing that against the current revenue of $1.5M should see the sp at 0.015 cents (hell that's the price I bought all my shares for). I'm sure you'd like to be buying at 015c too but I don't think you even believe the price should be down there as that would give the company a market cap of $26M.
I personally would like to see a full years revenue with SK-II being marketed full on before I accurately value the company even without what's on the horizon. But before anyone gets a chance to do that the sp will be long gone. I reckon somewhere between B&Y figure of 16c and where we are now is about right.
BTW anyway you can prove that Milestone 3 is for cumulative licence fees? Doesn't specifically say in the documentation. Oh before I go $20M revenue at a ratio of 18 is a share price of 20 cents.
OBJ Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
(20min delay)