Cool, so no EBITDA. Rhighteo. Therefore according to old mate...

Cool, so no EBITDA. Rhighteo.

Therefore according to old mate RUWM's simplistic valuation methodology (that assumes one asset and no growth potential), we should be valued at zero!

Cool, I'll buy your shares RUWM for 10c, infinty more than what they are apparently worth! Infinity!
Hang on, you don't have any. oh well.

This style of simplistic "valuation" would see the company value tic-tac all over the shop with every release of financial results - doubling and halving at the drop of a hat!
Lucky some are looking into the future and not bogged down by a challenging quarter or 3....


It brings to to mind the stories of Tesla and its loss after loss after loss, with sp increasing and increasing.... didn't one of the big shorters there lose a billion dollars or something like that? Wan't looking into the future when the others were....
Oh well, whatever floats your boat...

I really wonder what will happen to the 60-odd million pre-sold shares here.... surely the left hand doesn't have a spare 60mil to sell back to the right hand...? its gonna get interesting!