Stocks, especially spec stocks, are very rarely valued correctly...

Stocks, especially spec stocks, are very rarely valued correctly because there are too many investors/traders who have no idea what they are doing and how to value a stock.

To currently value this company at approx $75m fully diluted is one of the most outrageous valuations I've seen in 8 years in the markets.

Sanity will eventually prevail, it always does.