Charting - CI1, page-324

You are so right, unfortunately. As soon a stock becomes profitable every one starts to use the PE ratios for valuing which is the way it should be. But any other stock that burns cash like crazy with constantly increasing losses is valued on just on revenue. Look at APT here or Tesla in the US.

But the good thing about the PE valuation is that despite the sp often hovering below the value over time it catches up and in case of a market meltdown and panic those stocks will be the first to recover as cash is still king. And it gives a bit of reassurance when holding a few million shares instead having millions of shares in an extreme risky or overvalued stock.

Some here are still convinced a CR at 3c would be imminent which I don't think will be the case. Of course anything is possible but imo unlikely. But that could be a reason why the sp struggled to get back over 4c.

The future will be bright for CI1.

GLTA