Hi RichardThe Third,
Your comments, ("Anyone who believes a company that is yet to produce a tangible dollar of profit should be valued at $4 (or $12 as some idiots were touting) is even more naive than the poor sod who bought at $3.98") is not an issue that you can really question with FMJ.
I do agree that the SP had no right to test those levels based on the fact we dont know the size of the asset etc. Still plenty of info needed before we can value FMJ accordingly.
Plenty of companies are yet to produce a tangible dollar of profit but do trade at dizzy heights due to the fact they have a valuable asset that will make them profits in the future.
A serious question, has STB or RIV and the likes made a profit yet?
Thanks
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