Let me ask a simple question and it also explains why the SP is 34 cents.
If you are a Wall Street banker, would you currently buy a stock with a hopeful PE ratio of 60, meaning a yield of 1.66% or buy a ten year US bond with a yield of 4.6%
No, you would buy a money-making stock with a PE of less than 25 or put the money in the bank or bonds. Thats why all pre revenue companies have been hammered over the last year and NMT is no different
