Yes today you say the current fundamentals doesn't support a...

Yes today you say the current fundamentals doesn't support a marketcap of $130mill. On 22/5 you said it doesn't support $110mill. On 26/3 you were questioning whether it was worth $75mill and basically accused me of being a ramper because I suggested a $150mill to $200mill wasn't out of the question (when the marketcap was around $80mill). Yet here we are today at $144mill.

You see the problem is you are trying to evaluate current marketcap on a perception of what you see fair value for fundamental status whereas the market in general does not agree with you. There is no hard and fast rule, there's no calculator you can get out and plug in the variables to get a bonafide valuation of a speculative company growing in marketcap on the back of bonafide progress and immense potential. But what I do know is that I have seen many companies with arguably a lot less potential than OBJ and at a far less advanced stage than OBJ on much higher marketcaps than OBJ is currently.

The market tries to predict in advance. Waiting for proof of value in a young speculative company might be a safer strategy but it will also limit your potential gain dramatically. It's all about evaluating the risk versus reward.